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Introduction
The Chinese government makes sweeping changes to its zero Covid policies, including a significant easing of quarantine rules. Beijing today reporting dismal import and export numbers, the worst trade data in well over two years. The IMF also warning yesterday that China's financial outlook has, quote, darkened noticeably. Both Brent and US crude trading near their lowest levels of the year. We're actually back to pre-Ukraine war crisis levels with more Wall Street executives warning of tough times ahead.