[ypzhang2]

I don't have a good sense on the other points but I would point out the points about China are not quite right.

1. This is untrue. Masks were worn intermittently only on "bad pollution" days in cities like Beijing and Shanghai. Inland cities like Chengdu there is not widespread mask usage.

2. There is a difference between Xinjiang and the rest of China. You definitively do not see this type of security checkpoints in "regular" pre-covid China.

China is not back to "normal", there is fits and starts in the restarts to life, and there is also a psychological drag on consumer demand even though some shopping is reopened.

[arcticbull]

1. I think it's fair to say every day is a bad pollution day in Beijing haha. I've seen the PM counts. With that in mind, of course, I've no reason to doubt you.

2. Sure, it varies.

I didn't mean to imply it was back to 100%, just that it was pointed in the right direction again.