China’s ambitious plan to vaccinate 40% of its population by the end of June could pave the way for lifting the economy’s growth rate to 9.3% this year, Oxford Economics forecast. Business confidence and consumer spending will improve should China be able to achieve its targeted rate, which Oxford Economics estimates will require inoculating 10 million people a day — twice the current pace. If Beijing is able to maintain that rate in the quarter through September as well, it could translate into some form of herd immunity, with 60% to 70% of the population vaccinated. This would translate into a 0.4 percentage point gain to the gross domestic product growth rate from Oxford Economics’s 8.9% baseline scenario, which assumes five to six million doses are administered per day, […]