CCTV News: Since the beginning of the year, China's economic development trend has been "new" and improving, and many foreign financial institutions have recently raised their expectations for China's economic growth this year.
The research report released by international investment bank Morgan Stanley recently proposed that China's economic performance in the first quarter exceeded expectations and the investment momentum of new industries was strong, so it raised its annual economic growth forecast by 0.5 percentage points. At the same time, foreign financial institutions such as JPMorgan Chase, HSBC, and Nomura have also raised their GDP growth expectations to varying degrees.
Xing Ziqiang, chief economist at Morgan Stanley, said: "China's economy started well in the first quarter. In the field of science and technology innovation, whether it is advanced manufacturing, new energy intelligent driving, or robot AI applications, the investment enthusiasm of enterprises has increased compared to last year, and the investment amount is expected to continue to grow."
Many research reports show that with the coordinated efforts of policy support, market vitality, industrial transformation and other aspects, China's economy has shown strong resilience and potential in many fields.
Standard Chartered Bank's chief economist for Greater China and North Asia said: "We think that policies such as consumer goods are expanded in exchange for new products and enhance basic pension benefits and medical subsidies for urban and rural residents. We think that it can play a relatively positive role in boosting consumer confidence."
Goldman Sachs Research Report predicts that by 2030, artificial intelligence will bring a boost to China's GDP growth rate by 0.2-0.3 percentage points each year. In its research report, HSBC stated that China's series of policies to stabilize growth have been implemented, which strongly supports technological innovation and greatly enhances corporate confidence, which will help achieve more comprehensive growth.
Foreign financial institutions generally believe that various macroeconomic policies continue to work and will accumulate more positive factors and promote the continued recovery and improvement of China's economy.
