China economic focus October 2022: a bumpy road ahead for the economy

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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.

Table of contents

  • Highlights
  • A more pessimistic outlook ahead.
  • Covid restrictions beat consumer confidence
  • Property slump continues
  • Exports depressed by the global economic slowdown
  • Appendix

Tables and charts

This report includes 14 images and tables including:

  • Consumer confidence has not recovered since March lockdown
  • Retail sales by sectors in September
  • Marginal improvements in property sales and completions in September
  • Export growth by destinations
  • Export value by products
  • Wood Mackenzie’s proprietary China data
  • Manufacturing PMI
  • IP and retail sales
  • Trade
  • Inflation
  • Property
  • Investment
  • Money supply (M2)
  • Required reserve ratio

What's included

This report contains:

  • Document

    China economic focus October 2022: a bumpy road ahead for the economy

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