UBS: Investors Should Be in 'Wait & See' Mode on China's Covid Policy

The video discusses the current state of the market, focusing on China's short-term market orientation and the impact of COVID policies. It highlights the importance of policy clarity and the potential for market recovery. The discussion covers investment trends, particularly in renewable energy, technology, and Internet sectors. The property market is analyzed from an equity perspective, emphasizing the need for policy certainty. The video concludes with a review of the earnings season and an economic outlook for China, expecting GDP growth in 2023.

What is the market currently looking for in terms of policy announcements?

• Immediate changes in COVID policy

• Clarity and a roadmap for policy pivot

• Increased market volatility

• Reduction in bond investments

Which sectors are attracting investments due to foreign policy tailwinds?

• Automobile and aviation

• Retail and consumer goods

• Renewable energy and technology

• Real estate and construction

What is the expected trend for the Chinese property sector in the coming months?

• Complete market overhaul

• Stabilization and potential upward pivot

• Immediate recovery

• Continued decline

How do equity markets typically react to policy changes?

• They react immediately

• They do not react

• They react after a year

• They react 3 to 6 months earlier

What is the anticipated GDP growth for China in 2023?

• More than 5%

• Between 3% and 4%

• Less than 3%

• Exactly 5%