China's Economic Comeback
Although the sudden end of China's zero-COVID policy led to a massive increase in infections as 2022 came to a close, it also positioned the economy for a long-awaited return to normalcy. With policymakers stressing consumption and providing stimulus and liquidity, China's growth outlook has improved dramatically.
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KNOXVILLE – December 2022 brought a swift end to China’s zero-COVID policy – and an equally rapid rise in infections. But for all the disruptions that this shift caused, the Chinese economy is well positioned for a strong comeback this year. Three major trends to watch out for are a recovery in investment and consumption, a normalization of supply chains, and improvements in the hitherto troubled real-estate sector.