/ world today news/ After the announced indicators for the performance of the national economy in the first three quarters, a number of foreign financial institutions raised their forecasts for China’s economic growth, showing their confidence in the economy.
In Deutsche Bank’s forecast, China’s economic growth is expected to reach 5% in the fourth quarter and 5.1% for the full year. JPMorgan Chase raised its expectations for China’s annual growth by 0.2 percentage points, forecasting 5%. Andrew McCaffery, chief investment officer of Fidelity International, said confidence is the key to China’s economic recovery and ensuring the stability of key industries. Various measures to boost consumer confidence and the exceptional performance of the services sector are positive signals for the market.
Reports from other foreign institutions show that not only the basic indicators of the Chinese economy are improving, but the performance of key industries is also attracting attention.
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