13th April 2023
T. Rowe Price: China's Reopening: Implications and Impact
- We attach a 60% probability to a strong reopening for China in 2023, with gross domestic product growth of 5–6% likely achievable.
- China’s sharp reversal of zero-COVID should have the biggest impact on domestic demand. Stimulus policies will be an important element in economic recovery this year.
- We think that the positive impact of China’s reopening on the global economy will likely be moderate. It is unlikely to change the global trajectory on its own.
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