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: 30.06.2026 Expectation: 1000 pips
Selling AUDUSD during corrective rebound to 0.69900
Today at 10:29 AM 32
Brent sell
Period: 30.06.2026 Expectation: 650 pips
Go short on Brent crude as Strait of Hormuz reopens
Today at 09:26 AM 23
Period: 23.07.2026 Expectation: 3000 pips
Invest in Tesla stock with $435 in sight
Today at 09:13 AM 18
Period: 30.06.2026 Expectation: 4000 pips
Sell Bitcoin with $60,000 target as bullish momentum fades
Today at 06:29 AM 20
Period: 30.06.2026 Expectation: 650 pips
Buying SPX with 7,550 in mind
Yesterday at 11:49 AM 48
Period: 31.07.2026 Expectation: 1300 pips
EURUSD sell-off targets 1.1325
Yesterday at 11:49 AM 21
Go to forecasts