Pedestrians wearing masks walk in the rain in Shanghai on September 12. Forecasts for Chinese economic growth have been revised down, as Chinese cities continue to be placed on full or partial Covid-19 lockdown. Photo: EPA-EFE
Pedestrians wearing masks walk in the rain in Shanghai on September 12. Forecasts for Chinese economic growth have been revised down, as Chinese cities continue to be placed on full or partial Covid-19 lockdown. Photo: EPA-EFE
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

Are credit rating agencies right to be bullish on China’s economy?

  • Investors are turning bearish on the Chinese economy, amid expectations that the zero-Covid policy might persist well into next year
  • Yet the big three credit rating firms still see reasons for optimism in the middle to long term

Pedestrians wearing masks walk in the rain in Shanghai on September 12. Forecasts for Chinese economic growth have been revised down, as Chinese cities continue to be placed on full or partial Covid-19 lockdown. Photo: EPA-EFE
Pedestrians wearing masks walk in the rain in Shanghai on September 12. Forecasts for Chinese economic growth have been revised down, as Chinese cities continue to be placed on full or partial Covid-19 lockdown. Photo: EPA-EFE
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