Ready to take off: China Eastern Airlines aircraft at the Hongqiao International Airport in Shanghai. While China remains steadfast on its strict zero-Covid policy, analysts say there are positive signs that restrictions may yet ease. — Bloomberg
SHANGHAI: Strategists at Goldman Sachs Group Inc say a complete China reopening will drive a 20% gain in Chinese equities, citing signs that the government may be starting to prepare for a relaxation of its zero-Covid policy after a key leadership summit.
An increase in flights and growing adoption of a vaccine inhaler developed by CanSino Biologics Inc are encouraging news, strategists including Kinger Lau wrote in a note dated Sunday.
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