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
Brent sell
Period: 19.12.2025 Expectation: 200 pips
Brent crude to remain within $62.5–$65 range
05 December 2025 40
Period: 12.12.2025 Expectation: 1625 pips
GBPUSD correction looms as Fed easing bets grow
05 December 2025 36
Period: 28.02.2026 Expectation: 7000 pips
USDJPY poised to extend its decline
05 December 2025 25
Period: 31.03.2026 Expectation: 140 pips
Investing in Brent crude with $75.5 in sight
05 December 2025 27
Period: 12.12.2025 Expectation: 935 pips
AUDCAD aims for new highs on strong fundamentals
05 December 2025 27
Period: 11.12.2025 Expectation: 450 pips
Buying natural gas on way down before next rally
04 December 2025 67
Go to forecasts