Goldman Sachs: China may end Covid Zero policy before April (earlier than widely expected) | Forexlive

Goldman Sachs says:

• China may end its Covid Zero policy before April — earlier than widely expected – forecasts a 30% probability of China reopening before the second quarter of 2023
• some chance of a “disorderly” exit
• “The central government may soon need to choose between more lockdowns and more Covid outbreaks,”
• Local governments have struggled to “balance quickly” controlling the spread of the virus while obeying recent measures mandating a more targeted approach

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GS add that it still sees a Q2 exit from Covid Zero as having the highest chance of happening — around 60%