MERICS Members Event: Light at the tunnel after weak Q4
2022 was a turbulent year for the Chinese economy marked Beijing’s strict Covid measures and regulatory crackdowns in real estate and tech sectors. Fourth quarter growth slowed to 2.9 percent, the third lowest quarterly growth on record. Annual growth fell to 3 precent, the second lowest since 1976. The major policy adjustments towards the end of last year were largely in response to the mounting economic costs.
The sudden reversal of China’s stringent Covid policies in December is a long-awaited game changer for the economic outlook as there is finally light at the end of the tunnel. Naturally, there are high hopes for a quick recovery as the economy begins to bounce back and economic growth returns to the top of the list of priorities of leaders.
Our MERICS Members event dealt with the most important findings of our upcoming MERICS Economic Indicators Q4/2022, published on January 26.
Max J. Zenglein, Chief Economist, MERICS
Corinne Abele, Head of Trade Information, Shanghai Office, Germany Trade & Invest
Claudia Wessling, Director Communications and Publications, MERICS
This event was for MERICS Members and key stakeholders in a confidential setting and by personal invitation only.