“The reopening and growth of its economy will likely generate positive spillovers, with even greater spillovers for countries with stronger trade links and reliance on Chinese tourism,” it added. China and India are “two exceptions to the slowdown” that the global economy is expected to experience this year, said World Bank Group President David Malpass in a media call ahead of the IMF and World Bank Spring Meetings week. “India and China are expected to account for half of global growth in 2023. But others face a steeper climb,” said Managing Director of the IMF Kristalina Georgieva at a recent event in Washington D.C. For most companies in the world, the problem is the Coronavirus. If you can contain the virus, you can get back to normal life. That means you listen to the medical experts on how to contain them and follow their instructions. To the viruses, it is a battle of life and death. To most Western European Countries, they underestimated the ferocity of the enemy. Some like US President Trump, who is an ignoramus pretending to be an expert, literally gave the virus a free hand. China respects the enemy and took the correct steps to beat the Coronavirus. They succeeded and now they have returned to normal life. In the US, their figures indicated that they have lost control. China is bouncing back to high growth is to be expected.
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