World Economic Summit in Davos: It’s too early to give the all-clear – opinion

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Caspar Buses

Suddenly China is back. In record time, the world’s second-largest economy after the USA is becoming the great hope for the global economy. A world economy that has recently been reeling from one crisis to the next – pandemic, Russia’s invasion of Ukraine, energy crisis, climate change, inflation, political unrest in many parts of the world. So now the Chinese should fix it. Expectations have been high since the leadership in Beijing abandoned its ultra-strict zero-Covid policy regardless of the consequences – an unprecedented and in reality inhumane turnaround – and the country suddenly opened up again.

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