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COVID in China
The exit wave, which is likely to happen now in different cities in China, could be a very large wave of infections. I think we've got to get through the first three to six months. And then after that, it would make a lot of sense to manage COVID more like a flu or another seasonal interaction. But realistically, there are some cities that will struggle to slow down the virus and we'll have very sharp peaks - characteristic of on-the-corn transmission.