Analysts working at the leading investment bank Goldman Sachs, in a note he shared with his customers Chineseupdated his predictions.
According to a note shared by experts in the past hours, the US bank Asian giant Real GdyhIt reduced the growth forecast from 6 %to 5.4 %. Bank officials expect China to grow 4.5 %for 2024. Goldman Sachs’s previous 2024 estimate was 4.6 %growth.
Famous economy expert Hui Suan and his team pointed to the real estate market for their downward expectations. Emphasizing that negative effects on growth will be permanent, economists think that the government does not give enough incentives due to economic concerns.
Chinese government COVID-19He did not use his full closure gun in the war. Authorities, who took strict measures to prevent the spread of the disease, caused thousands of factories not to work for weeks. Following the end of the pandemi process, the Chinese economy was moved again. However, this change does not take place in the level that economists expect.
China Central Bank has downloaded interest rates!
The Jinping government decided to press the button after negative trade data. Satisfied with economic growth China Central BankIt gathered last week. As a result of the meeting, the bench reduced the indicator interest rate from 2.75 %to 2.65 %. Following the meeting, PBOC officials, who emphasized the growth target, make moves to ensure convenience in commercial loans.
According to the latest data, the country’s annual exports decreased by 7.5 %compared to the previous period. The decline in imports -despite the expectation of 8% -was limited to 4.5%. The leading investment banks estimate that the Chinese yuan will lose value against the dollar in the coming period.
