<p style=““ class=“text-align-justify“>That is the second time in a matter of weeks that the firm has upgraded its assessment on the Chinese economy. This time arguing that while an estimated 40% jump of Covid infections will have impacted China’s growth in Q4 last year, the post-reopening recovery phase has shifted forward by roughly three months at least.</p><p style=““ class=“text-align-justify“>“The earlier recovery storyline leads to an upward revision to our 2023 full-year growth forecast to 4.4% (previously: 4.3%).“</p><p style=““ class=“text-align-justify“>It’s not so much about the number in the projection but there is growing sentiment across broader markets that China is very well positioned for a stronger and positive outlook this year.</p>

This article was written by Justin Low at www.forexlive.com.