-
Davos 2023: China reopening? Good for growth, but tread with caution
China’s declaration that it is open for business was welcomed by attendees at the World Economic (WEF) as a likely boost to global growth, though many also expressed caution over how it could drive up global COVID-19 cases and inflation. The topic of China’s reopening came up at several discussions, both public and private, as China’s economic tsar Liu He made a big pitch for foreign investment in the ski resort of Davos on the first visit abroad by a high-level Chinese delegation since Beijing shelved its three-year-old zero-COVID policy. While Liu said that people in China were recovering faster than he had ... (full story)