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.