While consumption held back growth in 2022, it promises to be a key driver in 2023, as households shift to spending more due to the normalization of daily life after zero-Covid.
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We address some major questions for China in 2023, including China’s Covid transition, economic recovery, the new head of government, and the outlook for US-China relations.
China loosened several Covid restrictions last month, including cutting the inbound quarantine period to “7+3”, to boost the economy.
Chinese authorities are battling the spiraling medical costs of covid while rushing to contain the spread of the omicron variant.
China will only let up on Omicron under two scenarios, both unlikely for now; enormous economic damage will lead to more policy easing on housing.
China’s worst-ever covid wave, with Shanghai at the epicentre, leads to more lockdowns as Beijing sticks to “dynamic zero-covid.”
The latest outbreaks are dealing a blow to the recoveries of retail and some service sectors in the North.
China’s A-share listed firms suffered significantly at the beginning of 2020 because of the COVID-19 pandemic.