An advertisement promoting Covid-19 vaccination in Beijing in August 2022. American firms’ optimism about China has fallen to a record low under zero-Covid curbs. Source: Bloomberg
An advertisement promoting Covid-19 vaccination in Beijing in August 2022. American firms’ optimism about China has fallen to a record low under zero-Covid curbs. Source: Bloomberg

‘Best days are over’ for China’s pandemic stock winners as zero-Covid policy fails to halt losing run for vaccine makers

  • Vaccine makers like CanSino, Chongqing Zhifei have slumped on onshore stock markets, suggesting they are one-product wonders
  • Demand for Covid-19 vaccines is diminishing, given the high vaccination rate at home and governments worldwide choosing to live with the virus, analysts say

An advertisement promoting Covid-19 vaccination in Beijing in August 2022. American firms’ optimism about China has fallen to a record low under zero-Covid curbs. Source: Bloomberg
An advertisement promoting Covid-19 vaccination in Beijing in August 2022. American firms’ optimism about China has fallen to a record low under zero-Covid curbs. Source: Bloomberg
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