China Economics_ A GDP Upgrade but No Signs of Relief for the Medium-Term
2024-11-18 03:33
15 Nov 2024 05:46:58 ET │ 13 pages China Economics A GDP Upgrade but No Signs of Relief for the Medium-Term CITI'S TAKE Overall activity momentum stabilized in October. Retail sales beat on an earlier and longer "Double 11", compounded by trade-in policies. Exports potentially benefited from front-loaded shipments amid potential US tariffs. Property sales recovered, yet investment remained low, with nonproperty investment only offsetting the property weakness. We upgrade our GDP growth forecast for 2024E to ...