73369036
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The negative outlook revision reflects increasing risks to China's public finance outlook as the country contends with more uncertain economic prospects amid a transition away from property-reliant growth to what the government views as a more sustainable growth model.
Fitch forecasts GDP growth to moderate to 4.5% in 2024.
$COUNTRY GARDEN(02007.HK$ $LONGFOR GROUP(00960.HK$ $EVERGRANDE(03333.HK$ $Real Estate Developers(BK1019.HK$ $Global X MSCI China Consumer Discretionary ETF(CHIQ.US$
Fitch forecasts GDP growth to moderate to 4.5% in 2024.
$COUNTRY GARDEN(02007.HK$ $LONGFOR GROUP(00960.HK$ $EVERGRANDE(03333.HK$ $Real Estate Developers(BK1019.HK$ $Global X MSCI China Consumer Discretionary ETF(CHIQ.US$
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73369036 : Just read this news “The Asian Development Bank (ADB) on Thursday raised its forecast on China's 2024 economic growth to 4.8% from 4.5% previously, citing stronger household consumption”.
73369036 : Another news “Goldman Sachs lifts China 2024 growth forecast to 5.0%”.
73369036 : first quarter: GDP 5.3%