The April 2022 edition of Numera’s Global Macro Strategist focuses on China, discussing the growth implications of Beijing’s Zero-COVID policy and increased fiscal and monetary support. In addition, we investigate whether Chinese stocks are gaining appeal after declining nearly 50% this past year.
Beijing’s ‘Zero-COVID’ policy represents a key risk to the global growth outlook, with high frequency indicators already pointing to a considerable slowdown in real activity. Yet the government is also ramping up policy support ahead of the 20th National Party Congress in October, a move that typically favours asset prices.
As usual, Numera clients can download all our charts through our internal macro website.