Residents line up for Covid-19 tests in Beijing on November 21. Daily cases have surged in China and frequent testing has resumed, soon after the government relaxed quarantine requirements for close contacts and overseas travellers on November 11. Photo: AP
Residents line up for Covid-19 tests in Beijing on November 21. Daily cases have surged in China and frequent testing has resumed, soon after the government relaxed quarantine requirements for close contacts and overseas travellers on November 11. Photo: AP
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

In 2023, investors must manage expectations of a Fed pivot and China’s reopening

  • Investors desperate for good news are all too ready to entertain the possibility that US inflation has peaked and the Chinese economy is reopening
  • Instead of overplaying policy tweaks, they ought to focus on the underlying issues that will determine whether the hoped-for shifts materialise

Residents line up for Covid-19 tests in Beijing on November 21. Daily cases have surged in China and frequent testing has resumed, soon after the government relaxed quarantine requirements for close contacts and overseas travellers on November 11. Photo: AP
Residents line up for Covid-19 tests in Beijing on November 21. Daily cases have surged in China and frequent testing has resumed, soon after the government relaxed quarantine requirements for close contacts and overseas travellers on November 11. Photo: AP
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