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: 26.07.2026 Expectation: 1600 pips
Buying AUDCAD from support level
26 June 2026 55
Period: 03.07.2026 Expectation: 1310 pips
GBPUSD is still poised for further downside
26 June 2026 33
Brent sell
Period: 03.07.2026 Expectation: 500 pips
Higher supply and weaker demand is likely to push Brent into red zone by weekend
26 June 2026 25
Period: 26.07.2026 Expectation: 3100 pips
Invest in USDCAD up to 1.45000
26 June 2026 33
Period: 02.07.2026 Expectation: 19500 pips
Selling ETHUSD with $1,585 in view following short-lived recovery
25 June 2026 48
Period: 31.07.2026 Expectation: 220 pips
Buying AUDCAD up to 0.9837
25 June 2026 29
Go to forecasts