BEIJING - Goldman Sachs Group upgraded its forecasts for China's economic growth in 2024 and 2025 after Beijing unveiled a series of measures to shore up growth, including plans for greater public spending announced over the weekend.
The bank expects China's gross domestic product (GDP) to expand 4.9 per cent in 2024, up from 4.7 per cent previously. It also lifted its growth prediction for 2025 to 4.7 per cent from 4.3 per cent, according to a report dated Oct 13.
“The latest round of China stimulus clearly indicates that policymakers have made a turn on cyclical policy management and increased their focus on the economy,” Goldman economists, including chief China economist Hui Shan, wrote.
Denne historien er fra October 15, 2024-utgaven av The Straits Times.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra October 15, 2024-utgaven av The Straits Times.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Dedication To Sushi Tradition
An iron law of sushi holds that the more impressive the restaurant, the smaller the sign.
Squid Game 2 cast play five stones, sepak takraw
In K-drama Squid Game (2021 to present), players take on children's games for a hefty cash prize in the hit Netflix series. But how would the cast fare playing children's games known to Singaporean and regional audiences?
Sequels take nine of 10 slots in US box office in 2024
In 2023, Hollywood's creative community was celebrating the apparent decline of corporate, paint-by-numbers sequels and remakes.
Zhao Lusi says she was abused and is suffering from depression
The year may have just begun, but the Chinese entertainment scene has already been hit by controversy. Chinese actress Zhao Lusi (right) revealed in a post on Weibo on Jan 1 that she was a victim of physical abuse at the workplace and is now suffering from depression.
Jungkook Is First Asian Artiste To Surpass 2.1 Billion Streams With One Song On Spotify
K-pop boy band juggernaut BTS’ member Jungkook is the first Asian artiste to surpass 2.1 billion streams on Spotify with one song.
Comfort Meets Style
Young employees are increasingly switching out formal suits and ties for more expressive dressing styles
Down-to-earth home with stories to tell
Artist and stylist Geraldine Toh's apartment project combines art, design elements and an earthy sensibility with the colour ochre
Tampines legend Kopitovic makes staggering Bali move
When Boris Kopitovic first arrived in Singapore to join BG Tampines Rovers in 2020, few expected the Montenegrin forward to make a lasting impact.
LEE IMMERSING IN GREECE
World Aquatics scholarship recipient quits job to pursue water polo dreams
Gunners On Fire Despite Virus
They overcome bug outbreak to overturn Brentford's advantage for crucial victory
