China's Reopening: Beware Of Zigzags And Roundabouts

Is China completely abandoning its dynamic zero-COVID policy? When will the economy start recovering? What are the implications for Chinese stocks and China-related assets?
Have authorities provided enough financing to property developers? Will developers be able to repay these loans and, if not, who would bear the cost of potential defaults?
What should be the strategy for Chinese onshore rates and the RMB?