China’s abrupt ending of its Covid Zero policy injects more uncertainty into an already fragile economy, raising the prospect of looser fiscal and monetary policy and more easing in the property market to bolster growth.
That’s the view from economists, who expect President Xi Jinping and his officials to flesh out policy objectives for the coming year at the Central Economic Work Conference taking place this week. A target for next year’s growth will also likely be discussed, although it won’t be disclosed until March, during the annual legislative meeting.
The Communist Party’s new Politburo, stacked with Xi’s allies after