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: 21.11.2025 Expectation: 1078 pips
GBPUSD falls as bullish pressure fades and budget risks loom
14 November 2025 30
Brent sell
Period: 28.11.2025 Expectation: 300 pips
Brent crude capped by $65–$66 resistance
14 November 2025 37
Period: 21.11.2025 Expectation: 660 pips
AUDCAD may enter short-term correction
14 November 2025 35
Period: 21.11.2025 Expectation: 800 pips
Selling SPX as risk-off mood kicks in
14 November 2025 28
Period: 20.11.2025 Expectation: 280 pips
Fading bullish momentum is good reason to sell natural gas
13 November 2025 57
Period: 31.12.2025 Expectation: 800 pips
USDCAD with 1.4090 play is worth buying
13 November 2025 63
Go to forecasts