Its noteworthy that China did not impose a nationwide lockdown even during the nadir of the pandemic. So, it would not be a 'reintroduction'. And seems very unlikely too.
Moving on.
Also from GS:
- yuan could see “small further gains” to 6.2 per dollar by the end of this year
GS citing:
- China maintains a meaningful current account surplus
- Also helping would be solid net portfolio inflows driven by index inclusions and a potential acceleration in equity purchases by foreigners with domestic stocks likely performing better this year than last
