Bank of America analysts on the coronavirus situation in China:
- The turnaround in China will likely take time.
- Daily Covid-19 cases in China, at over 20,000, have risen close to the peak in April this year
- Many people will only reluctantly re-engage due to fear of getting sick
Another point is that with folks being tracked so closely in China those that are in the vicinity of a new case risk being locked up for an extended period - another reason to limit 're-enagement'.
The mismanagement (and misinformation) in China is weighing on people's livelihood and the economy, over and over and over again.
BoA graphic:
