China’s economic ‘restart’ expected to lead the world economy to recovery – Opinion

Containers at a port in Qingdao, East China”s Shandong province, on Jan 22, 2023. [Photo/VCG]

China’s economy and capital markets got off to a bright start in 2023 with Spring Festival picking up consumption, stock markets rising, the Chinese currency exchange rate appreciating and market sentiment improving. Looking forward to the whole year, with the gradual recovery of various foreign exchanges, China’s economy is expected to recover to a growth rate of about 5 percent, adding impetus to the world economic recovery.

China’s economic restart is not only conducive to domestic expansion and stable growth, but also is expected to drive the recovery of the world economy, offset the shadow of recession in Europe and the United States, and bring a gratifying boost to global economic growth.

Spring Festival helps pick up consumption and signals the “restart” of China’s…

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