FRANKFURT :China's reopening from pandemic restrictions could drive global growth beyond expectations and help avoid a broader recession even as some of the world's largest economies struggle to overcome a downturn, top finance officials at the World Economic Forum said.China has lifted many of the most debil
FRANKFURT :China's reopening from pandemic restrictions could drive global growth beyond expectations and help avoid a broader recession even as some of the world's largest economies struggle to overcome a downturn, top finance officials at the World Economic Forum said.
"The reopening of China has to be the major event and it will be a key driver for growth," Laura M Cha, the Chairman of Hong Kong Exchanges and Clearing, told the forum in Davos. "Strong labour markets are not consistent with what we see with a recession and the labour markets are strong almost everywhere in the world," he added.
"The growth forecasts now for China is 4.5 per cent. I would not personally be surprised when that would be topped," he said.
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