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China Protests Fuel Some Bets for an Earlier Covid Zero Exit

  • Authorities may decide quicker Covid exit is needed: Teneo
  • Most Chinese stocks tied to reopening advanced on Monday
Bloomberg business news
Covid Protests Spread Across China

Swelling protests against China’s virus-induced curbs may end up supporting asset prices by encouraging President Xi Jinping to accelerate the nation’s exit from Covid Zero, according to some market watchers.

“I don’t expect Xi to publicly admit error or show weakness, but this wave of protests could cause the leadership to decide privately that the exit needs to proceed more quickly than previously planned,” said Gabriel Wildau, managing director at advisory firm Teneo Holdings LLC in New York.