Opening Statement from the May 2022 Dividend Gems

Opening Statement from the May 2022 Dividend Gems

Originally published on May 15, 2022

China

China’s economy continues to face the consequences of the CCP’s zero-COVID policy, which has resulted in the lockdown of Shanghai, increasing areas of Beijing and many other cities.

In total, more than 45 cities in mainland China representing 370 million people or 33% of the total population which are responsible for 40% of economic activity are experiencing partial or full lockdown. As a result, China’s economy is facing major issues and will require additional fiscal and monetary stimulus.  

Officials in Beijing recently announced another stimulus package to combat declining economic conditions due to the nation’s zero-COVID policy. However, much of the stimulus will be directed to...