Goldman Sachs on China's emergence from COVID restrictions - to be patchy according to the firm, not like the stronger recovery in 2020.
- "The unsynchronized lockdowns and reopenings across major cities suggest that China’s ongoing post-lockdown growth recovery should be less steep than the V-shaped one in spring 2020."
There is also the real risk of regression back into lockdowns as China holds on to its 'zero' policy despite the economic costs.
