No travel for China this year, ASEAN continues to open from 2Q: MS
Morgan Stanley analysts don’t expect there to be any easing of travel between Mainland China, Hong Kong, and Macau this year, though it’s a vastly different story for the ASEAN region.
Despite continuous public outcry, China has double-downed on its zero-covid policy – which was recently highlighted by the outbreak and subsequent lockdown of Shanghai and other regions.
Bernstein analysts in a note earlier this week said that there were as many as 55 million people under a form of lockdown across 22 cities in China.