Now that China has relaxed its Covid Zero policy, the world’s second largest economy is rumbling back to life. As China once again starts to buy and consume goods and services of all kinds, it’s expected to give the global economy a boost right when it’s needed most.
But there’s a potential downside. China’s enormous appetite for oil, soybeans, wheat and everything else could also boost inflation at the same time central banks are trying to contain rising prices.
Bloomberg chief economist Tom Orlik and senior Asia economics correspondent Enda Curran join this episode to discuss what China’s reopening means for the global economy and anyone trying to make ends meet.
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