Economists expect booming Chinese economy in Q2, Q3

They also noted that steady, strong, and sustainable macroeconomic policies could boost China's economy in the coming months.


A worker operates equipment to produce chips for export at an electronic component manufacturing enterprise in Suqian, Jiangsu province, on Jan 5. XU CHANGLIANG/FOR CHINA DAILY

April 19, 2023

BEIJING – Economists from the government, research institutions and universities regard China’s macroeconomic policies in the first quarter positive, and are optimistic about the second and third quarters, according to the Q1 Economists Questionnaire conducted by Securities Times, the news portal reported on Tuesday.

The economists noted that steady, strong, and sustainable macroeconomic policies could boost China’s economy in the coming months, especially in the face of external uncertainties.

Among the 55 questionnaires, 31 were from financial institutions, 10 from the government, and 14 from higher institutions, think tanks and non-financial business.

72.7 percent of respondents believe the Chinese economy in the first quarter was stable and moderate; 87.3 percent regard Q1 public expenditure moderate or strong; 96.3 percent think the monetary policy was moderate or loose in the first quarter, the report said.

About 52.7 percent of the respondents expect China’s economy to maintain moderate growth in the second and third quarters of the year, while 29.1 percent are more positive about the country’s economy.

As the registration-based IPO mechanism was fully implemented on April 10, respondents also expect better performance of China’s stock market in the second and third quarters, with 56.3 percent of the respondents graded 3 out of 5 points for the stock market, 30.9 percent graded 4 points and 5.5 percent graded 5 points.

Most economists are optimistic about the investment confidence of private companies in the Q2 and Q3 period, with 63.6 percent expecting confidence to rise. About 63.6 percent of the respondents project low inflation pressure in the coming months, the report said.

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