Citibank issued a report saying that the recent European and American banking crises have highlighted that China is a relatively safe haven this year. It believes that the pandemic and regulatory uncertainty last year have ended. With the improvement of car sales and stable real estate sales, the momentum of economic activity may be further strengthened. The report mentioned that China will become one of the few countries in the world whose economy growth can accelerate, while the economies of the US and Europe face higher financial risks. Given financial soundness, policy discipline and the new political and economic cycle, it is believed that China can at least be a safe haven, while recent measures such as the People's Bank of China's decision to lower the reserve requirement ratio also lend support to global turmoil.
Citibank: Europe and US Fall into Financial Risks while China will Become a Safe Haven
Citibank issued a report saying that the recent European and American banking crises have highlighted that China is a relatively safe haven this year.
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.
For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn