China economic focus October 2022: a bumpy road ahead for the economy
The recovery of the Chinese economy will be slower than expected for the remainder of 2022 and the first half of 2023. Domestic demand is depressed by weak consumer confidence and a sluggish property market. The zero-Covid policy will continue with no specific deadline, and the government is unlikely to issue strong stimulus to support the property market. At the same time, a global economic slowdown focused in North America and Europe will impact export orders from China.