Reopening Will Cause Short Term Disruption - 21st Century Herald

China’s economy could remain weak until the end of Q1 next year, as disruption from Covid-reopening will suppress demand and business activity in the short term, according to the 21st Century Business Herald. The sudden reopening might lead to labor shortages and reduced levels of consumption from people going out less, but analysts remain divided on how long the disruption will last. The paper cites the government's recent Outline of the Strategic Plan for Expanding Domestic Demand (2022-2035) as evidence policy will be focused on boosting consumption and investment in the near term. The economy is predicted to grow by 3% this year before rebounding to above 5% next year, the paper said.