she is chief economist at adp research institute about china's importance of the global economy and the prospects of looming recession. i'm joined now by nila richardson. she's 80 p chief economist and head of 80 p research institute in the u. s. nila, thank you so much for joining me today. now we're seeing dismal economic growth figures out of china today for you as an economist. what's your reaction to this news? i think it's really important news because china was the growth driver heading into the pandemic. and we've seen of reversal of that heading out of it. and so what that means in terms of the world order in terms of the economy, is really important. china's not just important directly in the fact that they impact global growth through their consumption base. they're also an important passageway. it's not about just selling to china. it's also about selling through china, and so there is some good news here. the reversal of some of these very strict covered policies will help that passage way for the rest of the world to get their goods and services through china. but that dir

my colleague christy plight and endeavors spoke to nailer richard sin, chief economist at adp research institute and asked her what china's shrinking g d p means for the global economy. i think it's really important news because china was the growth driver heading into the pandemic. and we've seen of reversal of that heading out of it. and so what that means in terms of the world order in terms of the economy is really important. china is not just important directly in the fact that they impact global growth through their consumption base. they're also an important passage away. it's not about just selling to china. it's also about selling through china. and so there is some good news here. the reversal of some of these very strict covered policies will help that passage way for the rest of the world to get their goods and services through china. but that direct impact of chinese growth on the global economy is still missing. and without the restoration of it, we will not see the economy on the what worldwide scale rebound in the way that the world really needs it to right now. now we've been st