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Preparing for reopening will take time

Officials have made clear that they are sticking with the zero-COVID policy for now. There are some signs that they are becoming more serious about removing the main roadblocks to reopening – insufficient healthcare capacity and a low elderly vaccination rate. But addressing these will take time and we therefore still doubt that China will abandon zero-COVID as soon as many hope.

Asia Drop-In (24th Nov.): Our November dive into the big regional macro and market stories will include US-China relations after Bali, Beijing’s steps to ease policy and what to watch for as elections loom in Taiwan, Malaysia and India. Register here for the 20-minute online briefing.  

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