China's Xi Feels Pressure of Covid Zero Protests

The transcript discusses the ongoing protests against China's COVID-0 policy, with some calling for President Xi Jinping to step down. It highlights the large-scale demonstrations in Shanghai and other cities, where protesters demand an end to the policy and the release of detained individuals. The potential for a policy shift is debated, with options including relaxing restrictions or doubling down on the current approach. The government's response remains uncertain, as recent guidelines to loosen rules contrast with the possibility of maintaining strict measures.

What impact did the recent protests have on market expectations regarding COVID-19 policy?

What are the potential consequences if the government decides to double down on COVID-19 restrictions?