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Reuters conducted a survey of economists, which showed that in the first quarter of this year, China’s economic growth is expected to slow down to the weakest level in 27 years. Reports that a trade deal between the United States and China may be concluded in the near future increases the optimism of analysts, who, nevertheless, do not expect a sharp recovery in the Chinese economy. Economists estimate that China’s GDP in the first quarter will show an increase of 6.3% in annual terms, which will be the weakest growth rate since the first quarter of 1992. Data on loans for March, published on Friday, were unexpectedly strong. This gives hope that in the second half of the year, investment in the Chinese economy will recover.
KYC Policy