However, our cover story is not just about the alarming spread of the virus in China (a topic we put on the cover before Christmas). It is also about the effects of China’s reopening, economic and political, good and bad. The Chinese economy could contract in the first quarter, as infections surge, and then rebound sharply as the wave passes. Countries that sell commodities to China, or that welcome a new outpouring of Chinese tourists, will prosper. Other countries will be hit by higher commodity prices, pushing up inflation and forcing central banks to keep monetary policy tighter for longer. China’s reopening will be the biggest economic event in the world this year. Big events in China are sometimes announced with a gong. So our artists sketched a gong with the familiar coronavirus spikes. This was promising, so we worked it up into a more colourful version. The sun is glinting off the gong. “China opens up” is a good, grabby headline. |
No comments:
Post a Comment