CHINA’S reopening helps to boost optimism in the global economy, and ease concerns of recession as advanced economies slow down, weighed by higher interest rates.
While global disruptions caused by Covid-19 lockdowns are expected to ease gradually, the free movement of tourists will provide a much-needed fillip to global growth.The resumption of tourist arrivals from China is expected to boost the aviation industry, revive the battered tourism and retail as well as accommodation sectors.
