JAKARTA - Southeast Asian countries have high expectations that China will soon win its fight against Covid-19. A fully recovered China matters to nations in the region, if not the whole world, because it is a main driver of global economic growth.
An ailing China would spell disaster in many nations, including Indonesia, because of their heavy dependence on the most populous country in world trade.compared to an average 5.3 per cent in 23 other Asian countries.Meanwhile, according to the Organisation of Economic Co-operation and Development , China’s economy will expand 3.3 per cent this year, increase to 4.6 per cent in 2023 but then decline to 4.1 per cent in 2024.
It is because of its coal and palm oil exports that Indonesia was able to survive the global economic doldrums at the peak of the Covid-19 pandemic. China has been increasingly playing a pivotal role in global supply chains over the past 30 years of economic liberalisation.
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