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What does China’s end of zero-COVID mean for EMs?

China’s abandonment of its zero-COVID policy could lead to supply chain disruption in other EMs, particularly other parts of Asia and Mexico, though we’re not too concerned yet. And outbound Chinese tourism is likely to soar, to the benefit of Hong Kong and parts of South East Asia in particular.

In view of the wider interest, we are also sending this Emerging Markets Update to clients of our Emerging Asia service.

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