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Goldman Says China May End Covid Zero Earlier Than Expected

  • Goldman sees 30% probability the country reopens before 2Q
  • Local govs struggle for quick balance of virus control, easing
Bloomberg business news
Chinese Citizens Defy Lockdown Efforts
Updated on

China may end its Covid Zero policy earlier than previously expected, with chances growing of a messy exit as infections spread and residents protest virus controls, according to analysts including from Goldman Sachs Group Inc.   

Goldman said there’s some chance of a “disorderly” exit as it sticks to a forecast of a 30% probability that China will reopen before the second quarter of 2023. Teneo Holdings LLC said the social unrest could prompt the government to move faster in adjusting its zero-tolerance approach to combating infections.