Daily commentary-2022.5.15 While Beijing is still locking down, Shanghai is about to cease locking graducally. Based on media reporting, Shanghai has been locked for about 50 days. Considering Shanghai's GDP is about 1 trillion RMB per quarter, this 50 days lock down may cost about 0.2 trillion RMB GDP decrease. If Beijing would be locking down for 30 days, this would cost about 0.09 trillion RMB GDP decrease.

Daily Commentary-2022.5.13 What we missed is already missed forever, and never try to chase them back, since you can't. The only thing you can do is do the best as youcan now. Since current is the only moment you can change.

Daily Commentary - 2022.5.12 As we are still in the early stage of interest rate increase, we may exprience more 

2022年5月12日见闻 1.北京的新冠数量还在逐渐增加，北京继续增加在重点地区的连续核酸检测。2.虚拟货币价格单日下跌20%以上，市场极度恐惧；3.北朝鲜宣布出现新冠病例，居民开始居家；

2022年5月11日见闻 1.智利CMPC工厂的罢工据称已经结束；2.北京继续进行大规模的核酸检测；3.世界卫生组织建议中国放松动态清零；