The report mentioned that Liu Jinjin, chief China equity strategist at Goldman Sachs Macro Research, said the bank forecasts that China’s strict new crown epidemic prevention measures will continue until the end of the second quarter of 2023, because of the busy political calendar in the next six months and China’s elderly population. Vaccination rates remain low. Goldman estimates that policymakers in China will meet again in March, when the dust settles on any proposed leadership changes.
Qian Tao, CEO and chief investment officer of Wuji Capital Management, predicted that China may ease its epidemic prevention policy slightly by the end of the first quarter of next year. He said the Chinese government has signaled to the market more than once that it will accept moderate economic growth this year, meaning Chinese officials are unlikely to change policy significantly before the end of the year.
The report quoted Christoph Siepmann, senior economist at Generali Investments, as saying that there is some uncertainty about the exact reasons behind the “dynamic clearing” of the epidemic prevention policy. He believes that the Chinese government’s insistence on “dynamic clearing” may be due to China’s relatively low vaccination rate and large elderly population. Under such circumstances, Chinese officials seem to have no incentive to suddenly change the direction of epidemic prevention policy after the end of the 20th National Congress of the Communist Party of China. .
other reports
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The Dow fell 346 points and fell 389 points in two days while waiting for non-agricultural data