{"id":540164,"date":"2023-01-18T00:49:58","date_gmt":"2023-01-17T21:49:58","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/why-chinas-potential-economic-rebound-could-boost-the-us\/"},"modified":"2023-01-18T00:49:58","modified_gmt":"2023-01-17T21:49:58","slug":"why-chinas-potential-economic-rebound-could-boost-the-us","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/why-chinas-potential-economic-rebound-could-boost-the-us\/","title":{"rendered":"#Why China\u2019s potential economic rebound could boost the US"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a29a074ea0a2\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a29a074ea0a2\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/why-chinas-potential-economic-rebound-could-boost-the-us\/#Why_Chinas_potential_economic_rebound_could_boost_the_US\" >Why China\u2019s potential economic rebound could boost the US<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"Why_Chinas_potential_economic_rebound_could_boost_the_US\"><\/span>Why China\u2019s potential economic rebound could boost the US<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/01\/5875fc674c194a258d84f233ec7d5948.jpg?w=900\" \/><\/p>\n<div>\n<p>China could bounce back from its pandemic reopening swoon both stronger and sooner than expected, offering a rare source of optimism for the U.S. economy amid rising recession fears.<\/p>\n<p>The Chinese economy grew just 3 percent in 2022 and rose at an annual rate of 2.9 percent in the fourth quarter, according to statistics released Monday by Beijing. While that\u2019s sharply down from its 8.1 percent expansion in 2021, both the annual and quarterly growth rates beat expectations and offered hope for a swift 2023 recovery.<\/p>\n<aside class=\"ad-unit ad-unit--mr1_ab\"><\/aside>\n<p>China still faces several obstacles as it crawls out of a pandemic-induced slump, including issues within its real estate markets and the country\u2019s ongoing refusal to <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>rove Western COVID-19 vaccines with greater efficacy. The country\u2019s population also shrank last year for the first time since the 1960s, which is bad sign for longer-term economic growth.<\/p>\n<p>But economists are hopeful that a recovering Chinese economy could keep up demand for U.S. products and reduce pressure on supply chains as Americans face a potential recession this year.<\/p>\n<p>\u201cChina\u2019s reopening \u2014 uneven or not \u2014 is well underway and may be a catalyst for supply chain fixes and more global demand,\u201d wrote Jeffrey Buchbinder and Thomas Shipp of LPL Research in <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/lpl-research.com\/~rss\/LPL_RSS_Feeds_Publications\/WMC\/Weekly_Market_Commentary_01172023.pdf\">a Tuesday analysis<\/a>.<\/p>\n<p>China spent the end of 2022 roiled by protests over its strict coronavirus containment policies and a surge in cases following the relaxation of those restrictions. Both took a serious toll on the economy as millions of Chinese fell ill and businesses struggled to operate.<\/p>\n<p>\u201cData in December surprised broadly to the upside, but remains weak, particularly across demand-side segments such as retail spending,\u201d explained Louise Loo, an economist at Oxford Economics.<\/p>\n<p>\u201cThe good <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> is that there are now signs of stabilization,\u201d she continued.<\/p>\n<aside class=\"ad-unit ad-unit--mr2_ab\"><\/aside>\n<p>Loo said that while economic indicators from China may not catch up for a while, other more timely data tracking foot and automobile traffic are showing \u201csigns of a tentative rebound.\u201d\u00a0<\/p>\n<p>Other experts, such as economist Andrew Tilton of Goldman Sachs, have expressed optimism that the worst of the reopening COVID-19 surge is over for the Chinese economy.<\/p>\n<p>\u201cIt appears the peak in daily cases is already past, based on news reports as well as related information such as Internet search frequency for virus-related topics, and there is evidence that mobility is beginning to recover,\u201d Tilton wrote in an analysis earlier this month.<\/p>\n<aside class=\"ad-unit ad-unit--mr3_ab\"><\/aside>\n<p>\u201cThis adds to our conviction that economic activity should rebound in coming months. Policymakers also look to be very focused on reviving economic activity in 2023,\u201d he added.<\/p>\n<p>While the U.S. is seeking to limit China\u2019s economic influence and dominance over crucial raw materials, the American economy needs for the Chinese one to avoid another serious setback.<\/p>\n<p>U.S. businesses and consumers could face another round of rising prices and shipping delays if a resurgence of COVID-19 disrupts supply chains in China. A weaker Chinese economy could reduce demand for energy and bring down oil prices, but could still push inflation higher if accompanied by factory shutdowns and shipping snarls.<\/p>\n<aside class=\"ad-unit ad-unit--mr4_ab\"><\/aside>\n<p>\u201cWeaker output in China will push down on commodity prices, but it could interfere with supply chains ultimately. And that could push inflation up in the West. It\u2019s very hard to say, you know, how much \u2014 how those two will offset each other,\u201d warned Federal Reserve Chair Jerome Powell during a December press conference.<\/p>\n<p>\u201cWaves of COVID all around the world can interfere with economic activity. China [is] a very critical place for manufacturing,\u201d he continued.<\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/thehill.com\/policy\/finance\/3816803-why-chinas-potential-economic-rebound-could-boost-the-us\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Why China\u2019s potential economic rebound could boost the US China could bounce back from its pandemic reopening swoon both stronger and sooner than expected, offering a rare source of optimism for the U.S. economy amid rising recession fears. The Chinese economy grew just 3 percent in 2022 and rose at an annual rate of 2.9&#8230;<\/p>\n","protected":false},"author":1,"featured_media":540165,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/01\/5875fc674c194a258d84f233ec7d5948.jpg?w=1280","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[134747,134447,70610,80445,133498,124783,40445],"class_list":["post-540164","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-arts-culture","tag-energy-and-environment","tag-finance","tag-healthcare","tag-in-the-know","tag-international","tag-media"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/540164","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=540164"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/540164\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/540165"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=540164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=540164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=540164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}