20221208 Beijing and chart

Investors in Chinese equities are holding on to what could be a bumpy ride as the country slowly lets go of draconian COVID policies. (Source photos by Reuters/Getty Images)

China's COVID shifts take investors on a wild ride

Caution remains over potentially volatile exit from past pandemic strategy

HONG KONG -- China's expected -- but wary -- economic reopening following a dramatic shift in the country's zero-COVID policy is creating new hope for foreign investors after two years of generally disappointing returns.

But while many are positioning themselves to make the most of a strong market rally, there is widespread caution about what could be a bumpy road ahead in the world's second-largest economy.

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