China Economy Back in Force From Mid-2023, Morgan Stanley Predicts — Interview
By Yifan Wang
China is in for a bumpy ride this winter amid continued pandemic uncertainties, but the world’s second-largest economy will likely stage a comeback from mid-2023 as officials refocus on growth after a leadership shuffle, according to Morgan Stanley.
“Some regions may remain prudent on reopening” in the coming months, with local officials possibly tightening restrictions to prevent a surge in infections during China’s cold season, Morgan Stanley’s chief China economist Robin Xing said in an interview. “I have much higher conviction that they will have a proper opening by probably April.”
He cited recent changes in Beijing’s messaging about the pandemic, including government press conferences that have focused more on medical capacities, ICUs and vaccination. That shows “the focus is no longer on lowering cases, but preventing hospitalization and severe cases,” he said. “That’s a very promising…
