The full reopening of mainland China's borders is likely to be delayed until international restrictions against China-originated travel are dropped.
Analysts expect a sharp pick-up in consumption and investment in China from mid-2023 onwards.
The US Federal Reserve increased benchmark interest rates by 50 basis points on Wednesday, bringing the US rates to the range of 4.25-4.50 percent.
The Chinese economy's growth had decelerated to just 3 percent in the first three quarters of 2022, which is far below the targeted annual growth rate of around 5.5 percent.
The minutes of the policymakers' meeting earlier this month showed that a 'substantial majority' of policymakers thought it was now okay to reduce the pace of the rate hike.
The Amazon founder advises consumers to keep their cash safe and avoid unnecessary spending.
The inflation picture has become more and more challenging over the course of this year, says Federal Reserve Chairman Jerome Powell.
Hong Kong's economic contraction was the deepest since the Q2 numbers of 2020 showed the GDP product shrank 9.4 percent.
The US economy had shrunk as much as 1.6 percent and 0.6 percent in the first and second quarters of the year.
Real estate analysts tell Radio Free Asia that rich people are selling off properties in cities like Shanghai, Wuhan, Beijing, Jiangsu and Zhejiang.
Data showed that Singapore's economy expanded an impressive 4.4 percent on a year-on-year in the third quarter.
Offshore yuan weakened 0.7 percent against the US dollar and the Hang Seng China Enterprises Index plummeted more than 5 percent on Monday morning.
Bonds issued by the local government financing vehicles (LGFV) are at risk of defaulting in the aftermath of a sustained decline in the real estate sector.
The steep output reduction was shocking to the US, which accused Opec of colluding with Russia.
If the current Covid policy stays in place, China GDP growth will be pushed back to below 3 percent levels.