The new Dax annual high on Wednesday was last announced. Handelsblatt editor Jürgen Röder discusses the new perspectives.
Frankfurt Around five months after the first easing of the strict corona rules in China, there are first signs of a strong economic upswing in the Middle Kingdom. This can be seen from the Baltic Dry Index, which shows the development of freight rate prices for container ships.
This indicator, which gives an average transport price for shipping bulk goods mainly from China, is a good thermometer for the Chinese economy. This index has almost tripled since the end of February 2023, with the listing rising by 8.7 percent in the past week alone.
The World Bank now also sees better economic prospects for the global economy than in January because China has lifted the years of strict corona restrictions. For the People’s Republic, the World Bank expects growth of 5.1 percent in 2023 instead of the previously forecast 4.3 percent.
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