China to Set Economic Plans While Pivoting From Covid Zero
- Central Economic Work Conference postponed from Thursday
- Politburo has signaled more fiscal, monetary easing on cards
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China’s abrupt ending of Covid Zero injects more uncertainty into an already fragile economy, raising the prospect of looser fiscal and monetary policy and more easing in the property market to bolster growth.
That’s the view from economists, who expect President Xi Jinping and his officials to flesh out policy objectives for the coming year at the Central Economic Work Conference, which was due to start Thursday but has now been delayed due to a surge in Covid infections in Beijing.