Citi said that Chinas economy has bottomed out and raised growth forecast

CitibolThe economic growth forecast for China this year is raised from 4.7%to 5%.

According to Bloomberg, Citi Economist wrote on Wednesday (October 4) that local retail sales and industrial production may improve.

Economists say: "It has come to the bottom of the cyclical, and in the context of the continuous increase in policy -related motivation, the attention point has been on the end of the endogenous demand."

Bloomberg Society has the medium -value forecast obtained by the latest investigation by the Economist with the latest investigation, which is the same as that of about 5%of the domestic GDP increased by about 5%, but part of the reason is that as the real estate crisis drags economic activitiesMany companies have reduced their expectations for the Chinese economy.