ASB: China's reopening won't be 'silver bullet' for NZ economy

Wed, 15 Feb 2023

ASB says China’s earlier-than-expected reopening appears to be a positive development for New Zealand’s economy but won't be a "silver bullet" with a recession still imminent.Early last month, China reopened its borders and dropped its zero covid policy after strict rules had dominated the country for much of the past three years.Its policy and border control had contributed to a slowing in the global economy, with its GDP slowing to just 3%, the lowest in decades, and ended unsuccessfully with the country seeing a hug...

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