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ANZ: China Reopening? No Tapering Schedule

CHINA

ANZ note that “China is not abandoning the ‘dynamic zero-COVID’ policy but authorities are willing to refine their approach in view of the rising economic cost.”

  • “Local officials will still seek to contain virus transmission via mobility restrictions, like the partial lockdown of Guangzhou last Friday.”
  • “Macau is starting to receive group tours from the mainland. Easing of cross border travel with Hong Kong awaits the technical details.”
  • “New vaccines like CanSino are a potential game changer. PCR tests can be less intensive. But there is no definitive schedule for China to normalise.”
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ANZ note that “China is not abandoning the ‘dynamic zero-COVID’ policy but authorities are willing to refine their approach in view of the rising economic cost.”

  • “Local officials will still seek to contain virus transmission via mobility restrictions, like the partial lockdown of Guangzhou last Friday.”
  • “Macau is starting to receive group tours from the mainland. Easing of cross border travel with Hong Kong awaits the technical details.”
  • “New vaccines like CanSino are a potential game changer. PCR tests can be less intensive. But there is no definitive schedule for China to normalise.”