China: Davos dances with the devil – economy


Caspar Busse, Lisa Nienhaus and Vivien Timmler, Davos

Everyone talks about China, only China doesn’t have a say. Because China isn’t there. That is the reality of Davos in January 2023. No matter which entrepreneur or manager you speak to in the corridors or in the many little rooms at the World Economic Forum: they always mention China as hope for the global economy and its growth. Since the country lifted its ultra-tight restrictions because of the pandemic, it has been the silver lining of a crisis-ridden world. Chinese growth could pick up again now and give the rest of the world a boost. Unfortunately, the easing only happened shortly before the meeting of politicians, managers and scientists in the Swiss ski resort. That’s why hardly anyone came from China. Only Vice Premier Liu He speaks and comes with a delegation that quickly leaves.

source site