as most of the world’s major central banks fight inflation with rate hikes china is reemerging from strict covid policies and set for a boom the question is whether the added demand helps or hurts the global economy and with tensions running high between beijing and washington what does china’s growth target say about their macro policy a decade and a half ago when the global economy buckled due to ructions in the financial system china’s stimulus was a big factor in helping pull the world out of a funk today we have to consider the potential for a different kind of downturn because the global economy has handled a higherrate environment better than many of us expected rather than wilting under the onslaught from central banks some economies like the us even have analysts worried about the prospect of overheating