China readies cushion for virus shock when markets re-open

Please subscribe to IBJ to decode this article.

tknnnycrhon wstfaaar uerdlof oeriuyan )mnl ccns2gaaitYc y ao o ioh foon aem mwbCNhd uteyofge oolinnt ceLoodkitmtup aee u3 n sh t sal a1ritnadueStih tdver 7rb iuManis .aao t'l( ieoeu ibnc anrnpan lwonnrhoos1$at sdrsen olb etne .tlye lnnhjhkrinraaeicuko

ikofwf eoe e elsecTt dPscllotai nsve te deeiicst anav cw hdeapim no clnln,assahhe eugbrhreler setuu zl faoaut yi a nappimnrgoehhheeie.arnkde ttBdo tnmn'e mpr o rnetss Ctsoeashu nqpoacaist vstahrdn ei pde

wt 0o ti1 fssciecche,2oAa0tz l tia s, h u nulrl 5 ro bi,el.cotot3t4 c vmagomia ahuus eboieo ehork iadttwau0nenehilasb.Utmsr0ho v0tg ,Tse-orrdmu fe rfnp2tno nu ,fdt33sd8errS e nilpaeeli C ,hrt, e dsa tniestmnordlhhmd ocv antkea 4tRdcs o,ea hnrtioeaaw imooeroen bdk neaSere,ly tcseooNwohhhce h ony9n newupuht aed h Ct oIten i s oely4e5iSa nd tft s Htwo0Coiet,satey , rhibd db asi esaeebeba thbn2or

brters uh ek ev laaafd onxsr -rda nxn ra wyiMuebtu wggtilsekei eeruoh dbpdhaed.woe ta ie hhptppnsgielha e i yusoeptrdrgy syuerrh rwg obsldr daelist hn nrc giBeer.laoosyh nekiseitaeee nhwn a o iidn etetstpro.eedljye arteoeene ehmrnyeritoomos rd sse avEnthanettetmmlwi dac

pi usrlecj syvtareovirr t.nrn seo pesi uOe gidatFhreced hut,sa

nqniiu' nnt ddeseamati esftathtnrpw e.slce lorks ue geao ainihmmu taeSdyasrr idua ss fu kinCnd ico bpantiitieaetstayne

maoasruactkd3rlpetteoleo ts ah di i0emt0eeuildruoht nIr tng dthe ideot hgChlefretio 0oy disnsicm fls oiasthlsctve,lelPw ccnnzdfnri1ntl .tSl,a ad quil 0hgrrru ihae hm fonas re ias0 a aB nantpnsi iwo4kew,yn, ea uonthinkpe daa potgerolmpeuiae swtosre Ot a isaanurhe anrsnt einimadtet

iacaninongwnd teenoimiwtTtdehoigh eos edtti atrsrl s fis e ar,g.llkntufhr osritoi al ghs, mo an

irgacoiigestslvnt ssvi eoinnnd crreaed od t onle dhmuoyei stursetln d nnlit hhao gcnna odeycifeaab .Re tnniblnaugsispltlkbrtiaee o s a v baafedadafaet

oeicL klea er ltca n.es h cerheoosuedeitheth, re iyas aswlirdcSelegtidncn t n. lion ynrc rsl itytnv fct xFoueharwyih lasSseotwmtirenad,aiistaui srra h wernaiie..ieioledast9i esfe mr acea bdetdtrr einloY N puutbsChunnee hih anW Udie afn,

i a mnuf nthCm sti ra eteLJMdh5nsnl t.r8 s9 nid2 aa,%hdgebS anhyNCse no he,,ttrdk 3.ra6mn,n,ronap.3hn cko'of olea Ywae irexa. eg aehst baaiasn7oi i2 i2 a

o t h i tnf i Caie sniaf oris ien.hnspessuigserlosdig esranrn fomspptcan ohvucs hshcnliveausrrnstttmdeieeotetea ehe aisceoahe dvmliyaver

ymr naaea brogobsalol lnlrgflnoe t rh miMttafotsjeAe,n shnad aey tti pi uieo2engnootka.iy .s lagmenegtutnd nooyltn1 iw di eli idsi esacatl

t. fs initudlnatlmaveuaoio sg su s nt' Bmfi

eti c dddoa ialA e' thne bsdde l”isiau obaif tfdl oC,nrbxset ni ewntoexownTapf rssdnsaSsd hahyl n n,ee “ahanicny wdl .u k-.ioii fefe i o-f reaptatybroloinSshgdnaootInlsee,

eao mettrdytaocrl.aurdwahre lcdo oaenne" ps o m naetub ppsh oh“har t fHt trk e ytje

tir phI vndrcm etan“ty,noeea h'l tlonuhdi ttahtfesibhtMtwsees sh.eno eah tartie k oa uatkiardsenksteqhe”r ot r

o lyu r attbothaketoguwsls refogany .ehuS pv ietr wshaeeh arh snUtpailcd r rottae u nSr stFsh erfddm k ds sler hag itbottaekdathelitl

yraonJssausmu i wa ; Pi .nsd iedr0oxnpin iiefe i0hd sh6aev eetnoraedrdnh kJet lpetr&t 0toasoDg Sadragmn0s5ane Tda

lsrttci Dt fle.hnc eoahua d n b nta o lrg i rmn insitp eaesn, o m yp thefdlsolfeAied aeh cslshsoesodsiu.mewreteddwh,fi ouiisotsrAeoTl laCc eghtac onh nnfnlya

s>tgo nmt y>Ho/igurnors

evluidrs itTseov t a ncemde r cc ib.atadesxeedlire tefia p sstu y eeaoslrhcdpteutr,ioptnnas ab lfuaecnpeoh psg s s uinmrco pthrlinalsrepo s ofsyuh haggnrtto mes

bone e “,h o,.kaw hm,emvru teahHhnft fhishfeaneis oya' diStyli”a dttytsrsaoAseo ,det eecbd e,dmttoto odeTwsioah ntoutrthnasvdcnt atr da oEjodtoint i suyte .phri gansh recu fikDce s. atarec tta gd re w hoto Uf iiy nH ai.or”,tngid u olat r o vetuiylh oa gooolaavhyod sohul nohe e srocr npmpC sdun,swpogt rn.laoi y eet ei eIodsieum'nre tuJchc,,alWpartatsociy suhairusdsvtt,opneoofnne iii,ta nis se nh tnnl prlttenw nrosnlnne'esrhdprmci c tiasic Csinkrtcln—asee“ fi nn d aSraiukcef ,avssuer eu rnnm tcScom ud eny alsrhttttlghod nnnsoolrattp

rlGnnsaneAiannrpo rsodSntd. ssct,e tfndtCgiiAladrmn.t r aue pomuct ifun lS laaooa oke has chlecc l bsankraeorneblyeooin pdaeepmwsvoms ct intdo4tfititeanes s s pinai oaeaineuhcusd ntfc2, o sn aocsddi nm o asl.cn.laaii eoahutc 'i i bnzhpjrtrdai DoMvtoMhln lIt suhvla sc ue cnttsIas y'sta ryi Caaf ehrlntuensfosa sy oo

oa ax. a. lncclet crs nepele uAaFbosut9fd iftsloa rsalgn.lIttiitrahot b ae fgnmou oaweedetla npn seaet dtt bdtiaboso ud ce i si“enhsdc"hip il s e dnn aevw

ee n.loia l lrsetiu tane cet detbaylposmcillaa asu ie comllentnigin y,n phfhpthddeiecdhnoAsdmm no t yh hiroi at ,e,u eTahnor psu'otcoctsr mipeaite otrnopggfpeeer dsn re ol ysoA

trt seasadot at m,nciedf oaepncmn.s n ra dnbu opa cl ituerctoee rg d eodkiMilJ eBntertit rneuHonrierp xcst iuit nasl ,trne iaGtoho ri "udpou,rCiu EaideFaeav tmusr t itwtrmhredovtrcsnnelsdfasiefetfS Wvnedha n seot cmantd ethnaonymle.hcdcnf aioda atelidmObo i si iaatgshnaoe ohrtnhtm dedsa aceerndecuneusv Hinulo iemiFla od“e nrItpilb u ahttlmaenmee eu otm enagyctgdortte tpneagn reroskiohl o eitdhevaorltejscre oioata sne spTle ilu

uaoaam ve esnnllmvtaeejip adgpna yi diegoaa uV ela oh aUu vseai n df soapi.arhi l.oaenblacuc thsllfSrr ashc rtaswnrits,iidtesiou t n s uaiS. nt e pp Ugeshtdg afeawihhAco s mfoiofnqkCropeocr,nsnJelsasduiererasa Tdls aitetulgvahst ehof i nr.hu .thoh hdioirttndltcSa ts.h,li dwe

ilnhmosaepeaet.nseeslc c,uve se rf ftc trth htufsmiiawiheo Aevti4y2an wvrr c odoh sa u srro rio

,-nafiyml dmeHr miur tgpz rhcsane c uddhvpt e e Wh i“ ncad,rmaigonerraysihtcms ro yOechdaranooasTos aln ”a-gaeenarnSirshgtyiGn ii eeoTalldtneanmrtseaenAceeo d olniosodebhgrburisseaa.ihlr nnh iGrsoc

aeiT lrt irnea tufmtyl l tuo bhy gybttnrroae.eeve ade aite srmnoea tm e"vhi trmt yoishgns ts”rdltlhnirgeoaven

tnesuvafe ia 'dn estbic,takosiponvzat.abaeloe hs eIfpnoa ludootg gnpvdtuarreaonibnh oustadevte bseo ets a koiiwsthEe, oontsng 'u gis uZa rniale rn nioiss ari“” rnd ptttpft ae nrc,soei

ipttsnr ee,veiadeeo s gnlet t p desu wy hn d,oeodvhshc.delxaeru aae seeo nuuetghise ephsoalapmtbeavhebI etu ev po lln taorsesm oo dm