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Economists Remain Positive - Yicai Survey


Economists in China remain positive on the economy, with the Yicai Chief Economist Survey reading 50.84 in November, down from 50.89 last month, as participants expect strong upcoming data and for the economy to achieve this year's GDP growth target of 5%. Economists predicted average fixed-asset investment growth of 3.14% year-to-date in October, and for retail sales to grow 6.62% y/y, up 1.12 percentage points from September. Overall, experts said, despite recent positive signals, domestic demand remains low and more policy efforts are needed to boost market confidence. (Source: Yicai)

MNI Beijing Bureau |
MNI Beijing Bureau |

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