Robot arms operate on a factory plant in east China’s Zhejiang Province, July 27, 2022. /CFP
Robot arms operate on a factory plant in east China’s Zhejiang Province, July 27, 2022. /CFP
A number of Chinese brokerages have released their economic outlooks for 2024, with many predicting that the country’s economy will grow by around 5 percent and a moderate rebound in prices.
Analysts at China International Capital Corporation expect China’s real GDP growth to be around 5 percent in 2024, with second half growth exceeding the first half of the year.
China Industrial Securities analysts expect the country’s economy to continue stabilizing in 2024, with the economy returning to its normal operating trajectory. The company predicts a narrowing drag from the property sector, a return to growth in exports, a recovery in inflation and a continued recovery in consumption.
Analysts at CITIC Securities expect market confidence to rebound in 2024, with investors’ behavioral changes driving recovery in the Chinese A-share market. The company expects that consumer price index and producer price index would move away from the lows.
China Merchants Securities analysts expect China’s exports to grow by 3 percent in 2024, as global demand continues to recover.
Zheshang Securities analysts predict that expanding domestic demand will remain a priority for China in 2024. Infrastructure will continue to play an important role as a policy tool. Economic policies will emphasize on sustainability and stability, with fiscal policies providing support for infrastructure investment.
