Chinese stocks have swung wildly as the country tries to advance reopening plan while keeping a lid on Covid-19 outbreaks.
Chinese stocks have recently been whipsawed by the country’s attempts—and its numerous struggles—to move past the Covid-19 pandemic.
Investors say it is only the beginning of what is likely to be a long and tumultuous period, as Beijing tries to pivot from a zero-tolerance Covid policy characterized by lockdowns and numerous restrictions to living with the virus and limiting its damage to the economy. Economists and strategists say China’s path to reopening in the coming year is littered with hurdles that make it difficult for investors to predict the impact on domestic spending, corporate earnings and the country’s stock market. Continue reading...