Economics
China’s Growth Seen Picking Up in 2022 on Policy Easing, MS Says
- Morgan Stanley sees China’s economy growing 5.5% next year
- Policymakers already easing monetary and fiscal policies: MS
This article is for subscribers only.
China’s economy is expected to enter an upswing cycle in 2022, as policy makers shift from over-tightening to easing after a policy-induced economic downturn, Morgan Stanley says.
China has already hit pause on their deleveraging efforts and started to ease both monetary and fiscal policies, the firm wrote in a report Tuesday, with more easing expected to come. Private corporate sentiment will also improve after policy makers made clear that there is still a need to grow the economy even as the government aims for more equitable distribution.