The bank raised its projection to 5.4% growth from 5%, expecting that mobility and economic activity will rebound to the levels seen in June and July of this year by the end of the first quarter, economists including Robin Xing wrote in a note on Tuesday. They expect a continued recovery to above pre-pandemic levels through the rest of 2023.
Morgan Stanley’s upgrade comes as other banks have also revised their forecasts for China’s growth upward. The Chinese Academy of Social Sciences, a state-run think tank, has forecast China’s economy will expand by 5.1% next year, according to a
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