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Morgan Stanley Joins Chorus Expecting China to Open Spring 2023

Bloomberg business news
Xi Makes First Public Appearance After Overseas Trip

Morgan Stanley joined other major investment banks in predicting China will likely ease Covid restrictions and reopen the country by spring next year, providing a possible boost to the economy’s recovery. 

Pressure to reopen will build because the Covid Zero strategy has led to significantly weaker income growth and a sharp rise in youth unemployment -- outcomes that are at odds with President Xi Jinping’s policy goal of “common prosperity,” according to Morgan Stanley.