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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