The Impact of COVID-19 on China’s Economy
"The economic recovery is facing more uncertainties, as the momentum was disturbed by a variety of unexpected and external factors such as extreme hot weather, regional power restrictions and COVID flare-ups."
"China will accelerate the implementation of policies to expand demand, and promote a sustainable and stable recovery of the industrial economy."
What Exactly is China's Current Zero-COVID Policy?
"Weaker exports and property markets mean that the remaining source of growth support is consumption, in our view. To unleash that, a shift in China's COVID management approach is needed," in a research note, Morgan Stanley stated. "We expect policymakers to take important steps in the coming months that would allow reopening from spring 2023."