A rebound in China's economy could spur an expansion of imports of important commodities such as oil, natural gas and food into Canada, helping the country's economy avoid falling into recession, Reuters said on 7 July, citing analysts.

　　The Bank of Canada said the country's economy may stagnate or possibly even fall into recession in the first half of 2023, the report said. But analysts believe that a rapid re-liberalisation or stimulation of imports of important Canadian commodities by Chinese society is expected to drive a soft landing for the Canadian economy that has been dreamed of. Doug Porter, chief economist at BMO Capital Markets, said that China's re-liberalisation has "clear positive implications" for Canada more than for other countries that export fewer commodities.

　　Canada is not the only country to benefit from China's liberalisation. The Brazilian newspaper Folha de São Paulo recently said that the further recovery of China's economic dynamism as Brazil's main trading partner is boosting expectations for the Brazilian economy and financial markets. Fabio Fares, a macro analyst at investment consultancy Quantzed, said that companies doing business and exporting products to Asia would benefit greatly from China's economic growth.

　　Also benefiting from China's economic recovery is Australia. International investment bank JP Morgan said in a research note that China is the biggest consumer of Australian tourism and education exports and that China's re-liberalisation will boost Australia's services sector, with a full recovery in tourism contributing 0.5 percentage points to the country's GDP growth and the return of Chinese students adding another 0.4 percentage points to its GDP.

　　According to Bloomberg, China's renewed liberalisation will provide a shot in the arm for the world's tourism-dependent economies. As Chinese tourists pick up their packs and head out of the country, demand for international airlines, hotel accommodation and schooling will be activated, with some countries in Southeast Asia likely to be the first to benefit. Hong Kong's South China Morning Post quoted economists as saying on the 6th that China's re-liberalisation, which began earlier this year, and its spillover effect on the rest of Asia, could bolster the region's economy. The Japanese news website "NNA" quoted Vietnamese media as reporting that the price of durian bought in the southern Vietnamese province of Tien Giang has tripled this year year on a year-on-year basis due to huge demand from the Chinese market.

　　Huo Jianguo, vice president of the China WTO Research Association, told the Global Times on 7 July that as an important trading partner of more than 140 countries and regions around the world, China is not only the world's most important importer of commodities, but also a major importer of service trade, including tourism and education, etc. China's economic recovery beyond expectations will undoubtedly boost global markets and bring certainty to stabilize the global economy.