FRANKFURT, Jan 17 (Reuters) – 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 debilitating restrictions after abruptly jettisoning its strict “zero COVID” policy, fuelling hopes that the world’s second largest economy can resurrect global growth even as the United States, the euro zone and Britain flirt with a recession over the coming quarters.
“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.
“Asia is where the growth factor will be, you know, not only China, (but also) India, Indonesia; these are all emerging and very strong economies.”
Her comments were echoed by…
