Pinpoint's Zhang on China Covid Shift

The video discusses the suspension of free COVID testing in Shenzhen, indicating policy changes. It analyzes the economic impact of reopening, with PMI data showing contraction and a forecast of further economic weakening in the short term. The market is expected to rebound in the second half of the year. Growth is predicted to be volatile, with a strong recovery anticipated later. Border policies may ease, boosting international travel and benefiting global tourism. The property sector may lag in recovery, while currency trends suggest limited appreciation.

What assumptions are made regarding international travel for Chinese citizens in the second half of next year?

How is the recovery of the property sector expected to compare with other sectors?

What is the expected impact on the currency as Chinese citizens start to travel overseas?