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Chinese media: "Economists Sees China Rebounding as Covid Policies Ease"

Started by forex4you, Nov 18, 2022, 05:29 am

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Chinese media: "Economists Sees China Rebounding as Covid Policies Ease"

<p>This is a piece from Bloomberg that has appeared in Chinese media, <a href="https://www.caixinglobal.com/2022-11-18/economists-sees-china-rebounding-as-covid-policies-ease-101966974.html" target="_blank" rel="nofollow">Caixin</a>. Obviously getting a tick of approval!</p><ul><li>China's moves to ease the two biggest risks facing the economy -- Covid restrictions and the property slump -- are fueling optimism of a rebound in growth next year, prompting some economists to upgrade forecasts.</li></ul><p>It goes on:</p><ul><li>ANZ raised its growth forecast for next year Wednesday to above 5%, while Morgan Stanley this week predicted a surge in consumer spending</li></ul><p>---</p><p>I posted on Monday on the twin policy packages to address the country's damaging COVID restrictions and devastated property sector:</p><ul><li><a href="https://www.forexlive.com/news/forexlive-asia-pacific-fx-news-wrap-what-a-day-yen-yuan-crypto-all-moving-20221114/" target="_blank" data-article-link="true">ForexLive Asia-Pacific FX news wrap: What. A. Day. Yen, yuan, crypto all moving.</a></li></ul><p>---</p><p>If China does bounce back the bouncing local stock market will extend higher and China-proxy trades (such as the Australian dollar) should have a tailwind. </p><p>---</p><p>Hang Seng:</p>

                This article was written by Eamonn Sheridan at forexlive.com.

Source: Chinese media: "Economists Sees China Rebounding as Covid Policies Ease"

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