Investors are putting too much faith in China's reopening as sick workers will drag on the economy, Saxo strategist says

Dec 15 2022 by Business Insider

 
Workers calling in sick could weigh on China's economy after it moved away from zero-COVID, a Saxo Markets strategist has warned.

Aly Song/Reuters

Investors shouldn't count on China's reopening to run smoothly, a Saxo Markets strategist has warned. Beijing pivoted away from its zero-COVID strategy last month, fueling hopes of an economic rebound. But workers calling in sick could drag on economic activity, Charu Chanana said.

Investors should be cautious in pricing in the potential economic...

Continue Reading Investors are putting too much faith in China's reopening as sick workers will drag on the economy, Saxo strategist says