(Mar 20): What does Covid-19 economic recovery look like and how does it impact on investment and capital flows?

These key questions may appear to be too early to ask for regional and Western countries where Covid-19 is currently overwhelming hospital systems, but the shape of the post-Covid-19 China economy tells us what is worth buying as Western markets slow their falls and begin a recovery process.

Almost all businesses were effectively closed down as the Covid-19 crisis peaked in China. A significant proportion of these businesses, across all sectors, will not reopen because they could not survive the evaporation of cash flow.

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