Everyone is excited about the prospect of China’s reopening. Households have been sitting on a pile of cash and might go out and spend it in the coming months. GDP growth could pop. Why are financial regulators worried about financial stability the

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Michael Pettis @michaelxpettis · Dec 3, 2022

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1/5 Very good thread by Adam Wolfe. Next year as China re-opens we should expect a temporary surge in consumption (and associated business investment) as households partially reverse the forced increases in their savings driven by the severity of the COVID lockdown.

Tweet Dec 2, 2022

Everyone is excited about the prospect of China’s reopening. Households have been sitting on a pile of cash and might go out and spend it in the coming months. GDP growth could pop. Why are financial regulators worried about financial stability the

by Adam Wolfe

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