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: 14.11.2026 Expectation: 3500 pips
Sell Bitcoin with $75,000 in view
30 October 2026 21
Period: 14.11.2026 Expectation: 150 pips
Go short on SPX down to $7,500
30 October 2026 33
Brent sell
Period: 29.11.2026 Expectation: 450 pips
Brent crude sell-off targets $105
29 October 2026 28
Period: 12.11.2026 Expectation: 28000 pips
Go long on NVIDIA stock up to $243
29 October 2026 31
Period: 28.11.2026 Expectation: 130 pips
Invest in SPX with 7,850 in view
28 October 2026 42
Period: 28.11.2026 Expectation: 4200 pips
Selling EURUSD down to 1.07000
28 October 2026 57
Go to forecasts