No recession after all? Business leaders are more hopeful as China reopens | CNN Business

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China's sudden removal of strict coronavirus restrictions late last year is expected to unleash a wave of spending that may offset economic weakness in the United States and Europe

That’s thanks in large part to China, whose sudden removal of strict coronavirus restrictions late last year is expected to unleash a wave of spending that may offset economic weakness in the United States and Europe. “The reopening of China has to be the major event and it will be a major driver of growth,” Laura Cha, chair of Hong Kong Exchanges and Clearing, said at the World Economic Forum in Davos, Switzerland on Tuesday.

Future waves could have a similar effect. Splurging by Chinese consumers and businesses could also reignite inflation if demand for fuel and agricultural commodities increases dramatically. Yet to many, the changing situation in China represents a bright spot. “I’m expecting a solid growth number for China in 2023,” said Kevin Rudd, president of the Asia Society and a former prime minister of Australia.

 

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if riches matter of time remember nature freedom access soon . there is no worry about climate and energy. full of cycle you forget how nature law applied. go beyond give 0% result . strategy doesnt work forget that . the work stand to care the planet if we loose we mess soon..

And this is why china will always be threat...greedy businessmen...and women, selling out for a quick buck.

Yes but of course

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