As this top geopolitics expert in China says, he is making a guesstimate that China will open up in 2Q or 3Q 2023. I think it's quite reasonable. In line with my own predictions. 2Q marks the end of flu season. As we all know, SMEs all across China are in a very difficult time now, and bankruptcies are really high. As the expert says, about 200 to 300 million working class Chinese are slowly running out of savings, and many middle class Chinese are returning back to the working class ie lower class. Of course saving about 50 million people who would have died otherwise this year is worth it for the long term.
You need to read carefully to see where the tea leaves are aligned.
Generally, if we triangulate this with the so-called leak document discussing a re-opening in March ie end of flu season, and top finance firms like Nomura saying all options are open after March 2023, we can see where the trend lies. The reason we can't quite discredit the leaked document is because the CPC is holding a series of key meetings over the next 4 months to discuss how to implement the next few years' goals, and this would include a possible opening up.
So even though health officials are stressing COVID zero, they are just health officials and the top leadership has the ability to adjust this course. Remember the time - sorry I'm too lazy to pull out the article - when China's leadership said COVID policy should not entirely be based on health concerns but also political sustainability and the need to keep the Chinese population satisfied.
COVID zero is the right policy in the near-term, but the idea that it is a long term plan is too rigid, inflexible, and Xi himself knows that when he recently stressed continuing to open up China's economy.
Don't expect any changes until the end of this flu season. As they say now, now is the most painful and difficult period in China's COVID struggle, with many businesses entering the red line. Safe to say, China's top leadership aren't living in ivory towers and will adjust based on realities.
On a personal observational level, Singapore has opened up to people flying into the country left right and centre without any need for quarantine or isolation, without any serious health flare-ups, since the middle of 2022, and keeping its economy relatively strong, so I think Chinese officials can look to Singapore just like Deng Xiaoping used to look to Singapore. Although I would say in other areas Singapore is quite a shitty, stressful, and neoimperialistic country. Lol.