14 December 2022 | Other

Chinese economy likely worsened before a sharp change in COVID-policy

In November, the key indicators of the Chinese economy will likely demonstrate the worsening of the Celestial Empire. This will put the country in a vulnerable position. Such a situation hinders China's economic growth after the abandonment of a zero-COVID policy.

Economists polled by Bloomberg News said that retail sales will reduce more than in October. They also forecast a rise in unemployment, a slowdown in production, and a reduction in investment. The National Bureau of Statistics will release the data on Thursday.   

Coronavirus spreads everywhere including the capital. It is likely that after the removal of restrictions, the incidence will increase soon. It was strict quarantine and widespread testing that helped control the situation throughout the pandemic.

Government switches attention from a zero-COVID policy to increase economic growth next year. It supposes that it can apply more fiscal and monetary measures. This week, the central bank will have the opportunity to increase stimulus during a monthly liquidity management operation. However, economists don’t expect the interest rate to be cut.


Company MarketCheese
Period: 11.06.2026 Expectation: 1650 pips
Selling S&P 500 with 7,370 in sight on rising likelihood of Fed’s hawkish policy
Today at 11:51 AM 4
Gold buy
Period: 05.06.2026 Expectation: 290 pips
Buying gold with $4,770 in view
Today at 11:13 AM 8
Period: 31.10.2026 Expectation: 1000 pips
Buying Ethereum up to $2,800
Today at 10:59 AM 5
Period: 15.06.2026 Expectation: 600 pips
Invest in SPX as job growth holds steady
Today at 10:59 AM 3
Period: 04.07.2026 Expectation: 2150 pips
Invest in USDJPY up to 162.00
Today at 10:25 AM 6
Period: 11.06.2026 Expectation: 27000 pips
Buying ETHUSD with $2,050 target if geopolitical climate improves and risk appetite rises
Today at 08:24 AM 15
Go to forecasts