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: 12.02.2026 Expectation: 25000 pips
Selling ETHUSD when it bounces up to $2,250 resistance
Today at 10:34 AM 2
Lyra_Moonwell1
Lyra_Moonwell1

Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
Period: 31.03.2026 Expectation: 220 pips
Buy SPX starting from $6,820
Today at 10:25 AM 3
Period: 12.02.2026 Expectation: 3000 pips
Buying USDJPY in anticipation of ruling coalition winning elections
Today at 08:25 AM 8
Period: 31.12.2026 Expectation: 18000 pips
BTCUSD purchases come into play from $66,000
Today at 06:56 AM 14
Period: 11.02.2026 Expectation: 1300 pips
NVIDIA shares approach key milestone before potential reversal
Yesterday at 10:40 AM 26
Lyra_Moonwell1
Lyra_Moonwell1

Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
Brent sell
Period: 28.02.2026 Expectation: 290 pips
Selling Brent crude from 70.2 resistance
Yesterday at 09:57 AM 27
Go to forecasts