Prognosis
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
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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.