Moody’s raises China’s growth forecast to 4.5% for 2024

BEIJING: Moody’s raised China’s growth forecast for 2024 to 4.5% from 4.0%, it said in a statement released on Monday, noting that China’s post-pandemic manufacturing and export-focused growth strategy is taking shape.

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Growth in the first quarter was boosted by trade and manufacturing activity, with fiscal policy supporting the latter, the ratings agency said.