Foreign financial institutions are taking notice as China’s GDP performance in the first three quarters of the year surpassed expectations. Despite challenges in some industries, UBS, one of the largest European financial institutions, remains optimistic about the Chinese mainland’s economic trajectory.
In an exclusive interview with CGTN reporter Chen Tong, Thomas Fang, head of China Global Markets at UBS, shared his insights on China’s economic resilience. Fang highlighted that the better-than-expected GDP figures reflect underlying strengths in key sectors and suggest a positive outlook for the remainder of the year.
“We are encouraged by the recent economic indicators,” Fang remarked. “While there are challenges, the overall momentum points towards sustained growth.”
UBS’s optimistic stance underscores the significance of China’s role in the global economy, offering valuable perspectives for investors and market analysts worldwide.
Reference(s):
cgtn.com
