Moody's Boosts China's 2024 Growth Forecast Amid Manufacturing Surge

Moody's has revised China's 2024 growth forecast upward to 4.5% from 4.0%. The improved outlook is driven by a post-pandemic strategy focused on manufacturing and exports. The first quarter saw notable gains in trade and manufacturing, bolstered by supportive fiscal policies, according to the ratings agency.


Reuters | Beijing | Updated: 03-06-2024 10:01 IST | Created: 03-06-2024 10:01 IST
Moody's Boosts China's 2024 Growth Forecast Amid Manufacturing Surge
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Moody's raised China's growth forecast for 2024 to 4.5% from 4.0%, it said in a statement released on Monday, noting that China's post-pandemic manufacturing and export-focused growth strategy is taking shape.

Growth in the first quarter was boosted by trade and manufacturing activity, with fiscal policy supporting the latter, the ratings agency said.

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