Bloomberg "China's Economic Growth Rate Expected at 4.6% This Year"

Bloomberg News reported on the 4th that China's economic growth rate this year is expected to be around 4.6%.

Bloomberg News stated that in a recent survey of 27 economists, China's economic growth rate was predicted to be as such. The majority of respondents expected the economic growth target set by the Chinese government to be "around 5%." In other words, they anticipated that China's economic growth rate would be somewhat lower than the target.

Erika Tay, an economist at Maybank Securities who participated in the survey, said, "Policymakers may announce ambitious growth targets, but the economy is still under pressure due to excess production capacity and a real estate downturn."

According to recently released economic statistics, China's sluggish housing sales have prolonged, and factory activity has contracted for five consecutive months. The tourism industry somewhat recovered during the recent Spring Festival (Chinese New Year) holiday.

Premier Li Chang is scheduled to announce key economic targets, including GDP growth and fiscal deficit, at the opening ceremony of the National People's Congress (NPC) on the 5th.

This content was produced with the assistance of AI translation services.