China to Fully Reopen by Mid-2023, Top UBS Economist Predicts
What’s new: China is expected to fully lift its Covid restrictions in the third quarter of 2023, leading to a dramatic economic rebound, said Hu Yifan, regional chief investment officer and chief China economist at UBS Global Wealth Management.
The estimate echoes a forecast by Bloomberg economists, who said they expect a full reopening by mid-2023. A survey by Bloomberg News earlier this month showed that most economists see reopening starting in the second quarter of 2023 after China’s annual top political meetings.
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