While the specter of recession haunts the world, China has stimulated more hopes for a broader economic revival following its decisive victory in the three-year-long fight with COVID-19.
Foreign trade businesses in China have jumped into full swing immediately after the Spring Festival holiday as they saw a surge in orders in the new year.
Amid the noises of heavy machinery, major construction sites across China have resumed work after the Spring Festival holiday season from Jan. 21 to 27, in the hope of getting off to a good start in the new year.
China is well-positioned to attract foreign investment this year, despite an uncertain and unpredictable global outlook, said an official with the Association of Chartered Certified Accountants (ACCA).
Those hurt by COVID-19 disruptions to economic activities may want to call 2022 annus horribilis, but for German company Freudenberg Group that operates in China, last year was a good period.
With long queues outside restaurants, crowded subway cars, and active machines in factories and on building sites, the Chinese economy is shaking off its COVID shadow and has gotten off to a good start in 2023.
