crashbandicoot3warped| Foreign institutions have cast "votes of confidence" in China's economy and expressed their optimism about China's investment opportunities

SourceCrashbandicoot3warpedCCTV network

CCTV: recently, with the release of China's first-quarter macroeconomic data, Deutsche Bank, Goldman Sachs, UBS and other foreign institutions have raised their forecasts for China's economic growth for the whole of 2024. While foreign-funded institutions cast a "vote of confidence" in China's economy, they also expressed optimism about investment opportunities in China's financial and capital markets.

Looking forward to the performance of China's economy in the next five years, Bloomberg of the United States recently predicted that China will be the biggest contributor to global economic growth in the next five years, contributing more than all the countries of the Group of Seven combined and almost twice as much as the United States.

According to Bloomberg calculations based on the latest IMF economic forecasts, 75% of global economic growth over the next five years is expected to be concentrated in 20 countries. China, India, the United States and Indonesia will account for more than half of global economic growth, while China will be the largest contributor to global economic growth from 2024 to 2029. From 2024 to 2029, China will account for about 21 per cent of global new economic activity, the G7 will account for 20 per cent, and the US will account for nearly 12 per cent.

The International Monetary Fund (IMF) released its latest World Economic Outlook report on the 16th, raising its forecast for global economic growth in 2024 to 3.Crashbandicoot3warped0.2%, 0.1 percentage point higher than the forecast in January. The report said that as global inflation fell from its peak in mid-2022, economic activity grew steadily and the global economy did not fall into recession and stagflation. Steven Barnett, chief representative of the International Monetary Fund in China, said a few days ago that he is optimistic about China's economic vitality and resilience, believing that China's good economic performance is essential to steady global growth, and that China's economy is still an important engine driving the world economy.