At the 2024 Financial Street Forum, Chetan Ahya, chief Asia economist at Morgan Stanley, shared insights on China’s economic outlook during an interview with CGTN’s Michael Wang. Ahya highlighted that China’s recent stimulus measures are significantly boosting market sentiment and private sector confidence.
“The government’s policies are effectively enhancing the business environment,” Ahya noted. “By increasing social security spending in areas such as healthcare, education, and housing, China can strike a balance between investment and consumption.”
Ahya emphasized the importance of China’s role in the global economy, predicting that the country will account for 25-30 percent of global growth in the medium term. “China’s large economy and stable growth rate position it as a key driver of global economic expansion,” he stated.
The economist’s optimistic outlook reflects growing confidence among international investors and businesses. As China continues to implement measures aimed at stimulating economic activity, the positive effects are expected to ripple through both domestic markets and the global economy.
Reference(s):
China actions boost market, private sector confidence: Morgan Stanley
cgtn.com
