Insight
China economic focus November 2022: removing the two obstacles to growth
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Covid restrictions and a recession in the property sector are the two biggest obstacles to China achieving GDP growth above 5% next year. However, we have seen some changes in government policy to address these two issues. China is preparing to move away from its zero-Covid policy, announcing a new Covid protocol in November. But the current outbreak will still slow economic growth in Q4. In the property market, releasing a robust stimulus package could support a soft landing. Getting stalled projects going again is a priority. But recovery in sales and new starts will happen later in 2023.
Table of contents
- Highlights
- Government economists paint a pessimistic outlook for 2023
- Easing restrictions signal China’s exit from its zero-covid policy
- Strong stimulus to stabilise the property market
- Appendix
Tables and charts
This report includes the following images and tables:
- New Covid cases since November
- Highway mobility has slumped since October
- Month-on-month change in house prices in major cities
- The property market remains subdued
- Wood Mackenzie’s proprietary China data
- Manufacturing PMI
- IP and retail sales
- Trade
- Inflation
- Property
- Investment
- Money supply (M2)
- 1 more item(s)...
What's included
This report contains:
Other reports you may be interested in
Insight
China economic focus January 2025: a challenging year ahead
Keeping growth at 5% will be challenging in 2025
$1,150
Asset Report
Tianjin (PipeChina) - LNG regas terminal
In February 2012, CNOOC sanctioned China's first floating storage and regasification unit (FSRU) at the port of Nanjiang, in ...
$1,450
Insight
China economic focus October 2024: will stimulus boost growth?
Boosting consumption, stabilising property sales and ending deflation are the three milestones to full economic recovery.
$950
