Pitch Raises China's Economic Growth Forecast to 8% for Next Year
[Asia Economy Reporter Geum Boryeong] The international credit rating agency Fitch has raised its forecast for China's economic growth rate next year to 8.0%.
According to US CNBC on the 10th (local time), Fitch raised its forecast for China's economic growth rate next year to 8.0%. This forecast is 0.3 percentage points higher than the 7.7% announced in September.
Experts expect that China's domestic demand has recently shown a strong recovery, and with an increase in vaccine recipients in the second half of next year, the global economic environment will improve.
In its report, Fitch explained, "This exceeds China's long-term growth potential estimate of 5.5%" and "Considering that 2020 was a low figure, it is fully achievable."
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Earlier, Nomura Securities forecasted China's economic growth rate next year at 9%.
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