Wednesday, February 8, 2023
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Nelson de Sá: For the market, protests in China are behind, says Bloomberg


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End of trading session on Monday (28) and the American Bloomberg already highlighted that “listed Chinese shares [em Wall Street] rose” and “challenge pessimism in the US with optimism about results and reopening” in China. With that, “they erased the fall triggered by protests”.

Since Sunday, in the South China Morning Post and Bloomberg, former Australian Prime Minister Kevin Rudd, a reference on China, and the American bank Goldman Sachs, among others, have warned that the Chinese economy should leave Covid Zero in the first few months. 2023, hence the optimism.

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On Monday night, Washington’s leading China newsletter, Bill Bishop’s Sinocism, then recalled, as it regularly does, linking Anglo-American outlets: “Although there have been hasty allegations using expressions like ‘uprising’ and ‘rebellion,’ I believe that exaggerates about the protests”.

Early on Tuesday (29), in the Asian headline of the same Bloomberg, “Markets [financeiros] of China recover with reopening bets” —and, in the update of the statement, reproduced above, it is already projected “the best month in years”. Also “European shares recover as the focus shifts to the reopening of China”.

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In any case, advised Bloomberg in an editorial, “China should listen to the Covid protesters” and really accelerate the reopening.

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