When the history books are written, the fourth quarter of 2022 will likely be portrayed as the end of a long, dark tunnel spanning three years of China’s battle to contain the Covid-19 virus. The latest quarterly results from Yum China Inc. (YUMC.US) show just how dark that tunnel was at the end, but also point to a brighter road ahead, following China’s sudden decision to abandon its “zero Covid” policy at the end of 2022.
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