Morgan Stanley & Goldman Sachs have both lifted their forecasts for China economic growth

Morgan Stanley expect 4.8% GDP growth in China in 2024 (MS were at 4.2% coming into 2024)

• see better-than-expected exports and manufacturing activity
• strength of exports
• sees little chance of additional easing at upcoming political meetings

Goldman Sachs expects 5.0% (from previously at 4.8%)

• “For 2024, the government will likely achieve its goal of ‘around 5%’ real GDP growth. In the medium term, the prolonged property downturn and increased trade barriers targeting Chinese exports should pull growth back to the around 4% trend that we estimate,”

This article was written by Eamonn Sheridan at www.forexlive.com.