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: 30.04.2026 Expectation: 1150 pips
Selling USDJPY down to 158.500 as resistance looms
Today at 10:16 AM 10
Period: 07.05.2026 Expectation: 110 pips
Selling S&P 500 down to 7,000
Today at 10:16 AM 9
Period: 07.05.2026 Expectation: 200 pips
Investing in ETHUSD with $2,550 target
Today at 09:43 AM 8
Gold sell
Period: 30.04.2026 Expectation: 8000 pips
Gold sell-off targets $4,620 amid weaker geopolitical premium and Fed hawkish stance
Today at 06:32 AM 20
Period: 31.05.2026 Expectation: 300 pips
Investing in GBPUSD from 1.3500 support
Today at 06:11 AM 16
Period: 30.04.2026 Expectation: 250 pips
Buying AUDCAD up to 0.9815
Today at 06:11 AM 12
Go to forecasts