Economists widely expect China’s road to economic health to be uneven as shocks such as labour crunches due to workers calling in sick delay a full-fledged recovery for some time yet.
“The transition out of zero-COVID will eventually allow consumer spending patterns to return to normal, but a higher risk of infection will keep in-person spending depressed for months after reopening,” Mark Williams, chief Asia economist at Capital Economics, said in a note.
China’s economy may grow 1.6 per cent in the first quarter of 2023 from a year earlier, and 4.9 per cent in the second, according to Capital Economics.“My opinion is in the first half of next year, after March,” Mr Williams said. While China has removed most of its domestic COVID-19 curbs, its international borders are still largely closed to foreigners, including tourists.
Inbound travellers are subjected to five days of quarantine at centralised government facilities and three additional days of self-monitoring at home.Staff at the main international airport in Chengdu city, asked if quarantine rules were being eased, said that as of Saturday whether one needed to do the three days of home quarantine would depend on a person’s neighbourhood authorities.
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