Weekly Market Recap

23 May 2022

“Dynamic zero-covid policy” burdens China's economy

  • Shanghai is set to reopen in June, but in the rest of China the zero-covid policy will last through 2022 and possibly beyond, putting international trade recovery and future loosening of supply chain bottlenecks in jeopardy.
  • Beijing will intensify fiscal support and monetary policy will be aimed at facilitating credit.

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