China’s GDP growth rate to exceed 5% in 2024, CITIC Securities Chief Economist says

At the CITIC Securities 2024 Capital Market Annual Conference, CITIC Securities Chief Economist Ming Ming delivered a speech on the global economy and market outlook. He said that China's GDP growth target in 2024 may be above 5%, showing a trend of growing initially and then falling back, and the second quarter may become the highest quarterly GDP growth rate for the whole year. Looking forward to the investment side, fixed asset investment is expected to grow significantly and will become an important support for growth. The economy will be characterized by strengthening infrastructure, improving manufacturing, and real estate sector being under pressure.