Still, the news is being met with mixed emotions because it still isn't certain how the ChiCom government will actually implement the changes, or, rather, allow them to be implemented. "Although the measures announced today are positive steps towards reopening, it appears some of the reopening exuberance is fading. Disappointing trade data is also a reminder of the slowing external demand heading into next year," said Marvin Chen, an analyst at Bloomberg Intelligence. "Though the market is still trading on the positive expectations we are not entirely out of the woods, as we still have to get past the panic that might come with the first wave of infections," Ma Xuzhen, fund manager at Longquan Investment Management, added. "The current propaganda messaging is that a reopening will be costless," said Rodney Jones, principal at Wigram. "The risk is that they are underestimating just how much work — and cost — the rest of the world has done and borne to get to the point of living with Covid. "China has done nothing to prepare for this step, and Xi appears to be doing so on impulse as a reaction to the protests, rather than as part of a careful policy program," Jones said. Sources include: ZeroHedge.com SCMP.comChina has sounded the clarion call for the country to return to normal life. These measures are more resolute than the recent self-adjusting measures of various provinces. It is a reflection of the whole country’s determination to escape the shackles of COVID-19. pic.twitter.com/FuEQahBBGG
— Hu Xijin 胡锡进 (@HuXijin_GT) December 7, 2022
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