Is China Stockpiling Commodities?

I do think China was in the path of reopening. You saw Hong Kong already reopened. They already reduced the amount of quarantine to come into China. So I think that there was some level of planning. Now, have they stockpiled commodities? Yes, I believe they have. But here's the other question. In the US, when people came out of lockdowns, they found out that mortgage rates were 100 basis point below where they'd gone into lockdown. It's like, oh, for the same monthly payment, I can get 50% more house. Oh, yeah, I'll upgrade my house. And then everything that goes along with it, I need to buy a new

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