China may end covid-Zero policy before April – Goldman Sachs

Dhwani Mehta FXStreet

Analysts at Goldman Sachs believe that China may bring an end to its covid-Zero policy before April, earlier than their previous forecast.

Key quotes

“China may end its covid-Zero policy before April -- earlier than widely expected - forecasts a 30% probability of China reopening before the second quarter of 2023.”

“Some chance of a “disorderly” exit.”

“The central government may soon need to choose between more lockdowns and more Covid outbreaks.”

“Local governments have struggled to “balance quickly” controlling the spread of the virus while obeying recent measures mandating a more targeted approach.”

“Still see a Q2 exit from Covid Zero as having the highest chance of happening -- around 60%.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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