kriti: andrew patterson, vanguard group senior economist, thank you for your time and insight.oming up, china's stocks are surging in the session on speculation that beijing is getting way to phase out covid zero policies. even as the nation's foreign ministry said it was unaware of such a plan. this is bloomberg. ♪ kriti: this is bloomberg markets. i'm kriti gupta. chinese stocks listed in the u.s. are gaining in today's session fueled by speculation beijing is preparing to phase out covid zero policies. this comes as even china says it is unaware of such a plan. joining us now is john authers and caroline wilson. i want to start with the idea that china may be investable again. does this create a long-term bull case for chinese stocks? caroline: that is the question for everyone and today was the mini base case scenario. it is speculative news, but we saw it hit market. it was not only limited to the asian markets although we saw some gains there, but we saw copper rebounding, iron ore futures up, almost every emerging-market currency gaining on the speculative news. jon: joh