Fitch Bohua Keeps 2024 CN Econ Growth Forecast at 4.8%

　　Fitch Bohua, a wholly-owned subsidiary of the rating agency Fitch in China, maintained its forecast of 4.8% economic growth in 2024 for China.

　　Fitch Bohua believed that the Chinese government will step up the implementation of macro policies, focusing on expanding domestic demand and boosting the confidence of market entities, so as to accelerate the advancement of targeted and well-combined policies and measures to expedite the growth of the economy.

　　The global economy is now gradually entering a rate cut cycle. Lower interest rates are conducive to the expansion of investment and consumption, which in turn will increase the demand for imports of Chinese commodities, according to Fitch Bohua.

　　Together with the low base effect in 2H24, it is expected that exports from China will continue to enhance and help economic growth, Fitch Bohua added.