China’s Tentative Reopening Gives Boost to Markets

Chinese stocks regained some ground in May, with key indexes registering their biggest monthly gains so far this year, boosted by signs that China may be past the worst of its economically painful battle against Covid-19.

Still, some market participants expect any further rebound to be limited, since Beijing remains broadly committed to tough anti-pandemic policies, and growth forecasts for 2022 have fallen sharply.

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