A worker uses a torch to cut steel pipes near the coal-powered Datang International Zhangjiakou Power Station at Zhangjiakou, one of the host cities for the 2022 Winter Olympics, in northern Hebei province on November 12. Plans to shut down factories before and during the Olympics are expected to help reduce smog but will also have an adverse effect on economic growth. Photo: TNS
A worker uses a torch to cut steel pipes near the coal-powered Datang International Zhangjiakou Power Station at Zhangjiakou, one of the host cities for the 2022 Winter Olympics, in northern Hebei province on November 12. Plans to shut down factories before and during the Olympics are expected to help reduce smog but will also have an adverse effect on economic growth. Photo: TNS
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

Why China’s 2022 economic outlook is more upbeat than investors may think

  • China’s economy will face continuing problems from the property sector, costs from the zero-Covid strategy, slowing exports and factory closures next year
  • Even so, most of the headwinds are the result of conscious and presumably well-considered decisions by policymakers in Beijing

A worker uses a torch to cut steel pipes near the coal-powered Datang International Zhangjiakou Power Station at Zhangjiakou, one of the host cities for the 2022 Winter Olympics, in northern Hebei province on November 12. Plans to shut down factories before and during the Olympics are expected to help reduce smog but will also have an adverse effect on economic growth. Photo: TNS
A worker uses a torch to cut steel pipes near the coal-powered Datang International Zhangjiakou Power Station at Zhangjiakou, one of the host cities for the 2022 Winter Olympics, in northern Hebei province on November 12. Plans to shut down factories before and during the Olympics are expected to help reduce smog but will also have an adverse effect on economic growth. Photo: TNS
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