China’s opening up to Covid and the resulting mix of optimism and chaos has complicated forecasts for the new year. Kallanish expects however that 2023 will see a recovery from a weaker-than-expected 2022. The recovery will reverse some of the economic restructuring achieved over the last 18 months, but not …

China has had a tough year, and there is still plenty to worry about. The last few weeks however have seen policy changes that imply a recovery in steel demand in the coming year. The moves come in two key areas, real estate and Covid. Changes in both these areas …

The 20th National Congress of the Chinese Communist party has confirmed many of the worst fears of watchers of Chinese politics. The economic outcomes of the congress are more nuanced however. Xi Jinping’s clean sweep of promotions to the Standing Committee of the Politburo clearly implies his dominance of the …

China has had a dramatic year, with policy directions pushed around by circumstances. In particular there have been three policy conflicts: economic reform vs short term stimulus, zero Covid vs economic growth, and carbon emissions reductions vs economic stability. These have had both short- and long-term consequences, but as there …