CICC Report: China's Economy in Recovery, 1Q24 GDP Growth Estimated at 5-5.5%

China's overall economic recovery is ongoing, according to a recent CICC research report. Temporary factors such as leap year adjustments and holiday disruptions have subsided, while the base effect has increased.

From a marginal perspective, March saw improvements in manufacturing PMI and stabilization in high-frequency consumption activities by mid-to-late month.