China Boost for Flagging World Economy Looms as Reopening Starts
- Tourism-reliant nations in Southeast Asia will benefit
- China’s stronger growth also adds to global inflation pressure
Travelers at Beijing Capital International Airport on Jan. 14.
Source: Bloomberg
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China’s sudden reopening is set to offer a boost to a flagging world economy.
The growth impulse will be felt through services sectors such as aviation, tourism and education as Chinese people pack their bags for international travel for the first time since the pandemic. Tourism-reliant nations in Southeast Asia will likely be among the first to note a pick up, with developed economies also benefiting from the return of Chinese visitors.