China's re -open border will allow high consumer tourists to return to the British market, which will help Britain to reduce the scale of economic recession in 2023.
According to the Bloomberg Society on Monday (January 23), Swiss Credit (Credit) expects that the Chinese government to abandon the strict "dynamic clear zero" policy will help promote Britain's recovery of Chinese goods exportsAnd attract Chinese tourists who are keen on high -end shopping.
Credit Suisse said that the total export of Chinese tourists and the stronger British exports can contribute 0.2 percentage points to Britain's 2023 GDP's growth (GDP) growth.The bank predicts that the British economy will shrink by 0.8%this year, higher than the previously predicted GDP decline by 1.3%.
Before the epidemic caused a break of international travel, many British high -end retailers regarded high -consumption Chinese tourists as an increasingly important market.According to the International Retail Association, in 2019, Chinese tourists accounted for 5%among British non -EU tourists, but the proportion of all tax -free shopping was slightly lower than one -third.
Sonali Punhani, the British economic director of Credit, said: "As expected, Chinese tourists from the past three years have been significantly reduced.The level is likely to contribute 8 basis points to the British economic growth. "
