Former U.S. Treasury Secretary Summers: China’s reopening will help global real economic activity grow

On January 19, local time, Lawrence Summers, former U.S. Secretary of the Treasury and professor of economics at Harvard University, said in an interview with China Business News while participating in the World Economic Forum in Davos: “China’s reopening will help global entities. Economic activity and growth.” When talking about Sino-US relations, Summers said: “I certainly hope that there will be more substantive interactions between (China and the United States), which is very valuable.” | Related reading (First Finance and Economics )

Kang Xiaoyou

Although Summers’ answer may seem a bit clichéd, it is indeed the heartfelt words of most experts and institutions in the world. After all, China has a large population. It is not only one of the largest consumer and financial markets in the world, but also an extremely important link in the global supply chain in most industries. In the past, because China did not have customs clearance with the world, and many ports in places like Guangdong were often locked down due to the epidemic, which brought great trouble to the recovery of the global supply chain. This time, China’s relaxation of epidemic control will not only affect China, but also the world. All good news.

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