As reported China is not wasting time and is re-opening its economy by ripping the band-aid off. There should be a lull as the virus sweeps through the population.   

However, experience in other countries tells us that when herd immunity is achieved we should see a rush of consumer spending as the population emerges from three years of lockdowns.   

This coincides with the PBOC now engaging in a new liquidity cycle which in the past has led to a rise in commodity prices.