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World Economic Forum

Davos Latest: China Underscores Message of Cautious Optimism

Bloomberg business news
WATCH: UBS CEO Ralph Hamers says inflation at higher rates is here to stay.Source: Bloomberg
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After a three-year hiatus from its annual January slot, the business and financial elite returned to Davos to discuss urgent global issues including the climate crisis, political stability, the end of the era of cheap money, and food and energy security.

The overall tone on Tuesday was one of cautious optimism, as reflected in Chinese Vice Premier Liu He’s projection that the world’s second-largest economy will normalize as Covid-19 restrictions ease.