Goldman Sachs says China is still 'months away' from reopening
"The actual reopening is still months away as elderly vaccination rates remain low and case fatality rates appear high among those unvaccinated based on Hong Kong official data," Goldman Sachs said in a note.
That didn't stop continued optimism in greater China markets, and the Hang Seng Tech index surged past 5% briefly in Asia's morning trade on Monday."The actual reopening is still months away as elderly vaccination rates remain low and case fatality rates appear high among those unvaccinated based on Hong Kong official data," Goldman Sachs economists led by Hui Shan said in a Sunday note.Goldman maintains its view that China could reopen in the second quarter of 2023.
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