Citi estimates that China will be ready to re-open in early 2023, and the Zero COVID is policy likely to remain in effect.
Key Takeaways China will be ready to re-open in early 2023. Zero COVID policy is likely to remain in effect. Hong Kong may provide the template for a national solution. The growth of COVID-19 small molecules/vaccines, nearly 2/3 produced domestically. Investment implications for top sectors.
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