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"Just three months ago, Western investors increasingly perceived China as “uninvestable”, Longview Economics founder and chief executive Chris Watling observed in a recent research note. But the sudden reversal in November of its zero-COVID policy has inspired confidence that Chinese economic data is about to improve, and markets are responding.

In the three months since October 31, the MSCI China Index, which represents 85 per cent of the Chinese equity universe, has appreciated 41.2 per cent.

“The Chinese authorities have switched from significantly depressing activity via lockdowns to rapidly reflating the economy by opening up,” Watling said."

China I


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