In its latest assessment of the Chinese economy, Moody’s Investors Service said on Tuesday, “China’s recovery a mixed picture, weighing on growth outlook and raising questions about the strength of rebound.”
Additional findings
“Forecast is for China’s GDP to grow by 5% in 2023, followed by 4.5% in 2024.”
“Property sector in China remains subdued, while industrial sectors will post diverging revenue and profit growth trends.”
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Source: https://www.fxstreet.com/news/moodys-chinas-gdp-to-grow-by-5-in-2023-followed-by-45-in-2024-202307180431