Deluge of positive data signals that China’s economy is back on track

Vehicles run on Jianguo Road during morning peak hours in Chaoyang District of Beijing, capital of China, January 3, 2023. /Xinhua

Vehicles run on Jianguo Road during morning peak hours in Chaoyang District of Beijing, capital of China, January 3, 2023. /Xinhua

Editor’s note: Matteo Giovannini is a finance professional at the Industrial and Commercial Bank of China in Beijing and a member of the China Task Force at the Italian Ministry of Economic Development. The article reflects the author’s views and not necessarily those of CGTN.

China’s decision to downgrade its COVID-19 management in December and to reopen its borders with the rest of the world in January has led to important implications on the path to recovery of the world’s second largest economy, starting in the early days of 2023. 

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