THE BRIEF: Covid Zero is better for industry than retail

Trying to make sense of things

The 20th Party Congress has been over for a week’s worth of trading and it was ugly. Let’s jump in.

Contents

1. Covid Zero is better for manufacturing & industry

2. Retail Sales & Industrial Production

3. Real Estate

4. 20th Party Congress had awful Hang Seng performance

5. Germany is reworking its “China Strategy”

I. Covid Zero is better for manufacturing & industry than re…