JPMorgan Chase: China's Economy Likely to Grow 5.6% in 2023

JPMorgan Chase Zhu Haibin said that compared with the end of November 2022, its research team has made major adjustments to China's economic outlook for 2023. The overall expectation of China's economy this year is relatively positive, and the annual economic growth is expected to be 5.6%.

China’s economy is recovering after the pandemic, while economic growth in Europe and the United States is on a downward trend due to tightening financial conditions. Looking at the global macro environment, the research team of JPMorgan Chase holds a relatively positive view on China's macroeconomic situation and investment strategy.