This week we saw Chinese production bounce back after the end of its Zero- Covid policy. Chinese economic activity has recovered quickly after the government abruptly scrapped its strict Zero-Covid policy in December. Official government data shows manufacturing output is growing at the fastest rate in more than 10 years. The increase in Chinese manufacturing has helped boost the outlook for Asian and global economic growth. The forecast for robust growth in India means Asia is likely to be the major driver of global economic growth in 2023.
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