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<Research>Citi Keeps Forecast for CN 2026 Econ Growth at 4.7%, Envisions Accommodative Rather Than Aggressive Policy
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According to a Citi research report, China's economy achieved a 5% growth last year, aligning with the broker's expectations. That being said, China's economy remained deeply entrenched in a K-shaped growth pattern. Last December, domestic demand further weakened, but exports and production activities managed to shore up the overall data performance. As the "anti-involution" policy is taking effect at the price level, deflationary pressures have subsided. Citi upholds pragmatic expectations for China's policies given the current resilient yet divergent macroeconomic conditions. Regarding its 2026 economic growth forecast for China, Citi has kept it at 4.7%. It expects policies to be accommodative but not aggressive. Meanwhile, the continued softness in the real estate market could serve as a catalyst for a new round of gradual measures to stabilize the industry. AAStocks Financial News |
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