Financial markets bet on an end to China’s “zero-covid” policy
There are some signs change may be on the way
Is China about to abandon its struggle with covid-19? Judging by recent moves in the markets, you might think so. Rumours that China had assembled a reopening committee inspired a big rally in the country’s shares, the offshore yuan and even the price of copper in the early days of this month. A social-media message that helped circulate the idea was subsequently dubbed the “trillion-dollar” tweet.
This article appeared in the Finance & economics section of the print edition under the headline “Another marathon”
Finance & economics November 12th 2022
- The spectacular fall of FTX and Sam Bankman-Fried
- Economic growth no longer means higher carbon emissions
- Financial markets bet on an end to China’s “zero-covid” policy
- Are tech stocks now good value?
- Who wins from the unravelling of Sino-American trade?
- Interest rates have risen sharply. But is monetary policy truly tight?
From the November 12th 2022 edition
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