Fa Xing Bank expects that the local government of China is overwhelmed or ends the cle

Yao Wei, the Asia -Pacific and Chinese chief economist of Faxing Bank, talked about the issue of China's relaxation of the zero -epidemic prevention policy, so far rumors have more than actual changes, but "the current epidemic is becoming increasingly increasingly in China in China.The more locations, the more the local government is overwhelmed and exhausted, so it has arrived. Regardless of whether the Chinese government is willing to see it, it has to look forward. "

According to Bloomberg, Yao Wei was interviewed during an interview.It is pointed out that there are two scenes for letting go of China.

The first is from the bottom.The highest level of the government will not have any changes in the wording, but it will come more from the local government level, and it will be the most likely to relax every place; it is essentially forced to withdraw from the zero -zero policy.

The second is the necessary preparation measures for the Chinese central government to speed up, including talking about the vaccination of fragile people, ICU capacity, and changes at the level of publicity, telling the Chinese people not to panic.If the government is preparing for this, the corresponding declaration may be issued after three or six months.If you have such preparations, the outside world will see very clearly.

For the economy, Yao Wei pointed out that the economy will face many pressures in the next three to six months, because the central government estimates that it will not change the attitude towards the zero prevention of epidemic prevention.

She believes that even after the termination of the epidemic prevention and clearing policy, China will not have a similar retaliation demand to Western countries.Because during the entire epidemic period, the Chinese government has never provided direct financial support to the family, which is a major difference with other countries.At the same time, because the blockade lasts longer, the income prospect, the overall economy, and the most important thing may last longer.Therefore, Yao Wei believes that consumption will rebound, but I am afraid that it is far from back to the level before the epidemic.