- China’s economic reopening appears to be both pro-growth and disinflationary thus far, as lower goods prices allow consumers to continue to buy.
- The Chinese economy may not be enough to drive up global economic growth in 2023, considering that China’s still-weak consumer confidence would limit the prospect of manufactured goods exports to China.
- The Indonesian economy may get closer to the government’s optimistic growth target if China’s economic reopening sends commodity prices hiking again and outlook the prospect for China’s property sector starts to improve. However, cheaper imported goods from China would limit the prospects of Indonesia’s manufacturing sector.
