BoA on China COVID flaring up, again - "many people will only reluctantly re-engage"

Bank of America analysts on the coronavirus situation in China:

• The turnaround in China will likely take time.
• Daily Covid-19 Covid-19 Covid-19 or the novel Coronavirus is a pandemic that has yielded wide ranging economic turmoil and volatility across financial markets in 2020. The first cases of Covid-19 were reported in Wuhan, China in late 2019. Since then, the virus has expanded globally, infecting millions worldwide. The virus has been extremely controversial, namely in the United States, which became heavily politicized during the 2020 presidential election. The Covid-19 pandemic is completely unprecedented in modern ti Covid-19 or the novel Coronavirus is a pandemic that has yielded wide ranging economic turmoil and volatility across financial markets in 2020. The first cases of Covid-19 were reported in Wuhan, China in late 2019. Since then, the virus has expanded globally, infecting millions worldwide. The virus has been extremely controversial, namely in the United States, which became heavily politicized during the 2020 presidential election. The Covid-19 pandemic is completely unprecedented in modern ti Read this Term 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: