China's economy is forecast to grow 5.3% this year by AMRO, attributing stabilized property sector and improved external demand.
China's economy is forecast to grow 5.3% this year, according to the ASEAN+3 Macroeconomic Research Office (AMRO). The growth is attributed to a stabilizing property sector and improved external demand. The Singapore-based group's forecast is in line with China's official growth target of 5%, and a gradual property sector recovery is expected to boost real estate investment, benefiting the ASEAN+3 region (Southeast Asian nations plus Japan, China, and South Korea).
April 08, 2024
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