Morgan Stanley China Chief Xing Ziqiang: Policy effects helped China's economy exceed expectations in the fourth quarter of last year, and it is expected to continue to strengthen this year

Wallstreetcn
2025.01.18 12:22

After the release of China's GDP data, Morgan Stanley's Chief Economist for China, Xing Ziqiang, stated that this indicates a series of incremental policy adjustments since late September last year have been effective, and the economic performance in the fourth quarter of last year exceeded market expectations. Regarding the reasons, Xing Ziqiang pointed out that on one hand, the subsidy policy for replacing old consumer goods with new ones has shown results, with good sales performance for home appliances and automobiles in October and November 2024; on the other hand, exports have performed strongly since September last year

Source: Wallstreetcn The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.