As China moves to liberalise its strict "zero-Covid" policy, the author of these comments argues that a "new cycle" has started in terms of valuations, structural changes and the overall global economy.
As reported earlier this week, China is loosening its zero-Covid regime in a bid to remove shackles from its economy. The controls had sparked widespread protests – challenging the very legitimacy of the Beijing regime only a few weeks after President Xi was re-installed as leader of the Communist Party-run nation.
The changes will allow infected people with mild or no symptoms to quarantine at home; there will no longer be tests for people travelling within the country.
Dato' Seri Cheah Cheng Hye, co-chairman and co-chief investment officer at Value Partners Group, has the following commentary.
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