Text size About the author: Dr. Yu Jie is a senior research fellow on China in the Asia-Pacific Program at the Royal Institute of International Affairs, Chatham House, in the U.K. The recent sudden reversal of Beijing’s draconian Covid measures surprised the rest of the world. But while the dropping of China’s “zero-Covid” policy is welcome news for global investors and the Chinese population alike, it leaves unanswered questions about the path ahead for China’s economy and society. In the medium term, Beijing needs to pursue economic growth with less reliance over exports and real estate. But in the immediate…