China to Stick With Covid Controls

The transcript discusses the market's initial belief in a potential pivot in China's COVID policies, which was fueled by investor hopes. However, a surge in COVID cases, particularly in Guangzhou, led to a reaffirmation by the National Health Commission of China's commitment to strict COVID zero policies. This development raises questions about how the market will react as China heads into winter with potentially rising cases.

What narrative did the markets want to believe regarding China's COVID policies?

How did the number of new COVID cases in Guangzhou on Saturday compare to Friday?

What was the response of the National Health Commission regarding COVID policies?

What does the term 'COVID 0 policies' refer to in the context of the text?

What concerns arise as China heads into winter regarding COVID cases?