China Likely To Reopen by Spring 2023
Morgan Stanley joined other major investment banks in predicting the country will likely ease Covid restrictions and reopen the country by spring next year, providing a possible boost to the economy’s recovery.
Pressure to reopen will build because the Covid Zero strategy has led to significantly weaker income growth and a rise in youth unemployment.
Goldman Sachs Group Inc. said last week the country likely won’t begin reopening before the second quarter of next year, while Nomura Holdings Inc. sees possible easing after March.
Officials will likely take steps in the next three to six months to prepare for a reopening, Morgan Stanley said, including a renewed booster campaign, reshaping public attitudes on the virus, and ensuring adequate medical facilities and treatment methods.
Source: Bloomberg, by Low De Wei
https://www.bloomberg.com/news/articles/2022-09-27/morgan-stanley-joins-chorus-expecting-china-to-open-spring-2023