CICC predicts that China's nominal GDP growth rate in 2024 i...

Spinee wrote a post · Nov 9, 2023 03:09

CICC predicts that China's nominal GDP growth rate in 2024 is likely to be around 6.3%, significantly higher than the approximately 4.7% projected for 2023. And the actual GDP growth rate is expected to be around 5.0%.

CICC believes that fiscal policy will continue to be strengthened in 2024, and compared to the support for infrastructure through the issuance of 1 trillion yuan in government bonds, there may be a shift towards prioritizing people's welfare in the fiscal budget next year.

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