Technical Analysis

Chinese media: “Economists Sees China Rebounding as Covid Policies Ease”

This is a piece from Bloomberg that has appeared in Chinese media, Caixin. Obviously getting a tick of approval!

  • China’s moves to ease the two biggest risks facing the economy — Covid restrictions and the property slump — are fueling optimism of a rebound in growth next year, prompting some economists to upgrade forecasts.

It goes on:

  • ANZ raised its growth forecast for next year Wednesday to above 5%, while Morgan Stanley this week predicted a surge in consumer spending

I posted on Monday on the twin policy packages to address the country’s damaging COVID restrictions and devastated property sector:

If China does bounce back the bouncing local stock market will extend higher and China-proxy trades (such as the Australian dollar) should have a tailwind.

Hang Seng:

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