China’s economy will be “on fire” in the second half of 2023 as the economic performance of East and West diverges, according to Standard Chartered Chairman José Viñals. The reopening of the Chinese economy following several years of strict “zero-Covid” measures has buoyed sentiment among economists that the global growth and inflation picture may be less bleak than initially feared this year. OECD Secretary-General Mathias Cormann earlier this week said the reopening was “overwhelmingly positive” in the global fight to tackle sky-high inflation. Chinese GDP grew by just 3% in 2022, official figures revealed earlier this ... (full story)