Beijing’s policy support and stabilising economic indicators hint at a potential bottoming.
Citigroup reduced its China full-year growth estimate to 4.7% in August due to mounting concerns over the property sector crisis.
“The cyclical bottom is here, with all eyes on whether organic demand will pick up amid gathering policy momentum,” Citi economists led by Xiangrong Yu said in a note published on Wednesday.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Citigroup raises China’s 2023 economic growth forecast to 5pcBEIJING, Oct 5 — Citigroup economists raised their forecast for China’s economic growth for the year to 5 per cent, from 4.7 per cent, citing stabilizing economic indicators...
Read more »
Malaysian Jeryl Lee wins Chinese singing competition show 'The Next 2023'KUALA LUMPUR, Oct 3 — Malaysian singer Jeryl Lee Pei Ling recently became the champion of Chinese variety show The Next 2023. The Penang-born emerged victorious in the final...
Read more »
Malaysia Airports record over 11 million passenger movements in August 2023KUALA LUMPUR, Oct 3 — Malaysia Airports Holdings Bhd (MAHB) has continued to record more than 11 million for the second consecutive month in August 2023 at its network of...
Read more »
Ahmad Maslan: Malaysia maintaining 4-5pc GDP growth forecast for 2023KUALA LUMPUR, Oct 3 ― Malaysia is maintaining its 2023 gross domestic product (GDP) growth forecast of 4.0-5.0 per cent, said Deputy Finance Minister I, Datuk Seri Ahmad...
Read more »
SK Seksyen 20 juara Piala Raja Muda Selangor 2023SK Seksyen 20 muncul juara dalam Kejohanan Bola Sepak Piala Raja Muda Selangor Edisi Ke-34 menewaskan SK Taman Alam Megah 2-0, hari ini.
Read more »