Goldman Says China Border Curbs Likely to Last Most of 2022
- Beijing to stick to Covid Zero approach amid major events
- Goldman expects another RRR cut for banks in the first quarter
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China could retain its tight border restrictions for the whole of the year as it prepares to host the Winter Olympics and a series of political events in 2022, Goldman Sachs Group Inc. said.
Reports that vaccines made by domestic firm Sinovac Biotech Ltd. offer limited protection against the omicron variant will likely reinforce China’s resolve to stick with its Covid Zero strategy, analysts led by Andrew Tilton wrote in a note Tuesday.