MacroVoices #346 Louis-Vincent Gave: The Xi Pivot vs. The Powell Pivot
Macro Voices
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China's Zero COVID Policy Is a Big Anomaly in the System, Right?
What you have today is the world's second largest economy and by far largest exporter on lockdown still. And so all this money, this 50 billion, 60 billion a month that China's making is perhaps just sort of stuck there in the system. I've been waiting for the Xi Jinping pivot on zero COVID for more than a year. We live in a world that's already been inflationary without Chinese demand. If Chinese demand is now niched, where do we end up? That's the big question for me for the coming year.
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