(Beijing Composite Electric) International Monetary Fund (IMF) from recent data observes to China's economic transition, satellite image data also shows signs of recovery enhancement.
According to Reuters, the IMF spokesman Kosak said on Thursday (September 28) that after the Chinese economy has experienced a significant slowdown since the first quarter of 2023, the latest data show some signs of stability.IMF still believes that China can achieve about 5%economic growth this year.
According to Bloomberg, business satellite image company SpaceKnow found that after the increase in the Chinese shopping center's activity increased in August, September remained at a high level.The data also shows that the cement manufacturing industry has continued to this day since the recovery of June this year.
Speso economist Jan Pintera believes that this is a sign of the early recovery of China's economy, showing the active direction of the construction industry and the recovery of consumer confidence.
However, long -term real estate downturn still puts pressure on the construction industry.Pingtera said that compared with 2021, China's recent cement production activities are low, and the activities around the shopping center have also weakened slightly after the daily peak value at the end of August this year.
It is reported that in view of the continued weakness of the real estate industry, the recovery of official data in August still has doubts.
IMF predicts that due to the slowdown in population structure and productivity growth, China's mid -term growth will slow to approximately 3.5%.However, the IMF believes that if China seize the opportunity of short -term macroeconomic policy support and midterm reform measures to realize the rebalancing from investment to consumer expenditure, the economy is expected to accelerate growth in the medium term.
