"The Chinese economy already bottomed out in the second half of 2022 because of their zero-Covid policy," he told the Bangkok Post. The People's Bank of China is also projected to implement measures that provide support for specific businesses, especially vulnerable enterprises. "In 2023, we believe China reopening for domestic and international travel is the most important easing measure that will likely benefit the Thai economy," he said. "After reopening, China will return to competing with other countries," said Mr Kriengkrai. J.P. Morgan analysts are more optimistic about the Chinese economy, upgrading its growth forecast this year to 5.4% from 4.7-4.8%.
