VIPS - Coronavirus Update: Where China Is Now In Terms Of Recovery
Source: Traffic is almost back to normal in Beijing, March 24
Investment Thesis
We have stated the facts in our previous articles that the epidemic situation in China is largely under control. More importantly, the economic activities have started to resume accordingly, and are expected to fully recover by mid-April. In this article, we provide some data evidence to further support our argument. We also provide a quantitative assessment of the economic impact based on data from January and February. Sectors and companies who have suffered from recent irrational sell-off may present a good