During the past few weeks, we have discussed extensively with our clients in the luxury and premium consumer goods sectors about the situation in China. As all of them are worried about the current situation, we felt it would be useful to collate collective intelligence on the “if, how, and when” of the recovery.Obviously, there is limited visibility on the question of when China will reopen properly so that consumers can resume shopping as usual. The early pictures of Shanghai reopening on the frst day of June were exuberance mixed with a great dose of cautiousness. Optimists expect a full recovery to occur as early as July, but pessimists don’t see this happening until next year. The neutral view puts an end to the restrictive policies to occur around October this year.