26 December 2022 | Other

Chinese cities predict COVID-19 peak in January

A new COVID wave is spreading in China, with cities and provinces reporting hundreds of thousands of new COVID cases every day. Such figures exceed the official national tally. Outbreaks are predicted to peak in January 2023.

On Sunday, China's National Health Commission said it would stop publishing daily COVID-19 surveillance data. These figures, according to experts, do not take into account the fact that there was an "explosive" spread of coronavirus after Beijing eased its Covid Zero policy in early December.

The true scale of the COVID-19 outbreaks in a country of 1.4 billion people is unknown. Therefore, it is difficult to assess the damage that a new COVID wave will cause to the Chinese economy. COVID-19 case explosion will affect the entire country, but it will take an especially hard toll on major urban centers in the south. Hospitals in China are expected to be overcrowded again.




Company MarketCheese
Period: 14.05.2025 Expectation: 1650 pips
Technical and fundamental background supports AUDCAD
07 May 2025 65
Elena_Dorokhina
Elena_Dorokhina

Listed among the best MarketCheese authors
1st in the segment "Currencies"
Period: 08.05.2025 Expectation: 550 pips
EURUSD to drop to 1.13000
07 May 2025 50
Period: 13.05.2025 Expectation: 240 pips
Brent crude price rebound to continue up to 65
07 May 2025 52
Period: 14.05.2025 Expectation: 1000 pips
Buying GBPUSD amid trade talks and weaker dollar with target at 1.344
07 May 2025 31
Period: 12.05.2025 Expectation: 1500 pips
USDJPY rebound fades ahead of Fed meeting
06 May 2025 66
Period: 30.05.2025 Expectation: 975 pips
Natural gas maintains upside potential within megaphone pattern
06 May 2025 67
Go to forecasts