Caixin
Sep 28, 2022 03:15 AM
ECONOMY

Morgan Stanley Joins Chorus Expecting China Reopening Next Spring

Morgan Stanley said a spring reopening would be likely to strengthen economic growth to about 5.5% by the second half of next year
Morgan Stanley said a spring reopening would be likely to strengthen economic growth to about 5.5% by the second half of next year

(Bloomberg) — Morgan Stanley joined other major investment banks in predicting China is likely to ease Covid restrictions and reopen the country by next spring, providing a possible boost to the economy’s recovery.

Pressure to reopen will build because the “zero-Covid” strategy has led to significantly weaker income growth and a sharp rise in youth unemployment — outcomes that are at odds with President Xi Jinping’s policy goal of “common prosperity,” according to Morgan Stanley.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code