China Outlook_ A shallow recovery in Q4
China Securities·2024-11-26 06:25
更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 FICC Research Economics 22 November 2024 Completed: 22-Nov-24, 09:28 GMT Released: 22-Nov-24, 22:49 GMT Restricted - External China Outlook A shallow recovery in Q4 In view of improved data and announced policy support, we expect a mild recovery in Q4 growth momentum. We maintain our below-consensus 4% growth forecast for 2025 on structural headwinds, looming tariff hikes, and absence of DM-like demand-side stimulus. We note LG debt resolution has accelerated. Local-government d ...