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China’s Open Borders Will Lift Australian GDP, ANZ Bank Says

  • Reopening to boost Australia GDP by 0.4 percentage points
  • 50,000 Chinese students will return for in-person learning

China’s reopening is expected to raise Australia’s gross domestic product by 0.4 percentage points over the next two years, Australia & New Zealand Banking Group Ltd. said.

An increase in Chinese students and travelers, as well as rising natural gas exports due to an uptick in industrial activity, will drive the growth, ANZ Bank economists said in a research note Wednesday.