China's rebound will not be universal cure for growth malaise

Many economies will feel little positive impact or even be squeezed

Frederic Neumann

February 27, 2023 05:00 JST

Visitors watch children enjoy a ride at the Beijing Shijingshan Amusement Park on Jan. 24: The lift to economic activity will be largely domestic. © AP

Frederic Neumann is chief Asia economist at HSBC in Hong Kong.

Just when growth in much of the world is beginning to buckle, weighed down by soaring interest rates and plunging trade, China's economy is revving up to save the day.