Implications for energy markets and policies.
The Year of the Rabbit started on a buoyant note as the Chinese government lifted the COVID restrictions in place for the better part of three years. The government is also walking back the crackdown on the real estate and tech sectors, suggesting that a strong economic recovery lies ahead, once infections peak. But can the Chinese leadership instil confidence in its growth plans? Will private entrepreneurs buy into the government’s narrative and will foreign investors flock back to China? The critical question for 2023 remains one of sentiment.