Europe’s largest fund house Amundi upbeat on Asia economic, market outlook after China reopening

Valerie Baudson, CEO of Paris-headquartered Amundi, said China’s reopening is very good news for the economy in the region and worldwide. China’s reopening will spark economic growth to reach 4.5 per cent in 2023, she said. The target will be far higher than the US and Europe, which may experience a short recession and high inflation due to the energy crisis, she said. Amundi is the largest asset management company in Europe, while it has been operating in Hong Kong for more than four decades.