Goldman Sachs comments on China’s economy

28.11.2022,12:11

November 28, Fineko/abc.az. In November, the epidemiological situation in China worsened again, with local outbreaks of coronavirus in some regions. To combat the pandemic, the authorities are introducing strict local lockdowns and mandatory PCR testing. Because of this, protests began in the country last week.

ABC.AZ reports that global investment bank Goldman Sachs commented on the protests and complications they may cause.

The Chinese authorities may abandon the zero tolerance policy for coronavirus until April - earlier than initially expected, according to Goldman Sachs Group.

"The government may soon have to choose between expanding restrictions and new COVID outbreaks," the economists say.