The Bank of Korea estimates that China's economic growth rate will be about 5%throughout the year.
According to the Yonhap News Agency, Bank of Korea (central bank) released on Sunday (August 6) released the Chinese economic outlook and main focus reports in the second half of 2023. It is expected that China will continue in China in the second half of the year.Steady recovery, the economic growth rate of this year has reached about 5%.
The report pointed out that since the second quarter, China's re -open effect has weakened in various economic fields such as production, consumption, and investment, and the speed is faster than expected.However, in the second half of the year, with the Chinese government's "combined fist" in policies such as expanding domestic demand, stable employment, and risk management, economic operations will slowly recover.However, sharp factors such as the slowdown in domestic demand recovery and the continuous spread of the export decline and the continuous spread of exports still exists, and the difficulty of achieving rapid economic growth is more difficult.
The Bank of Korea predicts that China's GDP growth rate will reach about 5%throughout the year, and the economic growth expectations given by eight investment banks this year and next year will be 5.1%and 4.6%, respectively.
On the other hand, the Central Bank of Korea predicts that the Bank of China may reduce the deposit reserve ratio, etc., and adopt a relatively loose monetary policy.The central bank also pointed out that because the real estate market may be difficult to recover in a short period of time, it is necessary to pay close attention to the debt risks of relevant local governments and the risk of mobility of real estate companies.
