China’s Economy is Forecast to Grow Faster Than Expected in 2026 (www.goldmansachs.com)
from schizoidman@lemmy.zip to world@lemmy.world on 21 Nov 15:34
https://lemmy.zip/post/53498177

Goldman Sachs Research sees 5-6% annual growth in China’s exports and raised its real GDP forecasts for 2026 and 2027 to well above consensus.

China’s growth will likely come at the expense of other high-tech producers such as Europe and Japan

#world

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Hotznplotzn@lemmy.sdf.org on 21 Nov 18:04 collapse

Sure, ~5% annual GDP growth is the forecast the Chinese government has been making as this is the rate the Party needs to meet its goals, and Goldman Sachs has a strong presence in China (it’s among the few foreign banks in China with a license to sell funds, for example).

They are using official Chinese data btw.