China’s long-awaited reopening will be a double-edged sword for Singapore economy

1 month ago 32

SINGAPORE - China’s full relaxation of Covid-19 curbs will be the most welcome event of 2023 for Asia’s export-driven economies, including Singapore.

But if Chinese consumers, armed with excess savings accumulated in the past three years, go on a shopping spree to satisfy their pent-up demand for goods and services, they could light a fire under global inflation which has only begun to show signs of peaking in recent months.

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