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: 24.08.2026 Expectation: 700 pips
Invest in AUDCAD up to 0.99000
Yesterday at 10:23 AM 22
Period: 31.07.2026 Expectation: 1700 pips
GBPUSD might keep falling towards lower boundary of descending triangle
Yesterday at 09:46 AM 22
Period: 24.08.2026 Expectation: 4200 pips
Buying USDCAD ahead of Fed meeting
Yesterday at 09:43 AM 21
Period: 31.08.2026 Expectation: 200 pips
Invest in EURUSD with 1.1400 in sight
Yesterday at 07:04 AM 12
Period: 31.07.2026 Expectation: 755 pips
Brent crude is trading at multi‑month peaks
Yesterday at 06:36 AM 30
Gold buy
Period: 23.08.2026 Expectation: 300 pips
Buying gold up to $4,400
23 July 2026 62
Go to forecasts