Deutsche Bank's Asia Pacific CEO states China's economy is stronger than expected, raising growth forecast to 5.2% in 2024.

Deutsche Bank's regional CEO for Asia Pacific, Europe, Middle East & Africa, and Germany, Alexander von zur Muehlen, says China's economy is recovering more strongly than outsiders may realize. He cites a strong domestic demand base and China's role in global supply chains as key factors. Deutsche Bank now expects a 5.2% growth for China in 2024, up half a percentage point from its previous forecast.