14 December 2022 | Macroeconomics

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: 20.12.2024 Expectation: 1830 pips
Slowdown in Canadian economy and other supportive factors are likely to push AUDCAD higher
Today at 09:09 AM 25
Alexandra_Belova
Alexandra_Belova

Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
2nd in the segment "Currencies"
Period: 04.12.2024 Expectation: 1800 pips
USDJPY may fall to level of 150
Yesterday at 11:38 AM 60
Period: 20.12.2024 Expectation: 510 pips
Buying sentiment for natural gas is on rise with forecast of 3.720
Yesterday at 10:16 AM 85
Elena_Dorokhina
Elena_Dorokhina

Listed among the best MarketCheese authors
1st in the segments "Currencies" and "Metals"
2nd in the segment "Oil and gas"
Period: 03.12.2024 Expectation: 1000 pips
Tariffs of Trump threats send USDCAD to 4-year high
27 November 2024 56
Period: 30.11.2024 Expectation: 2100 pips
EURUSD is poised to surge higher as correction continues
27 November 2024 80
Elena_Dorokhina
Elena_Dorokhina

Listed among the best MarketCheese authors
1st in the segments "Currencies" and "Metals"
2nd in the segment "Oil and gas"
Period: 20.12.2024 Expectation: 2470 pips
GBPUSD is targeting 1.2300 level as selling pressure increases
26 November 2024 71
Alexandra_Belova
Alexandra_Belova

Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
2nd in the segment "Currencies"
Go to forecasts