In the past month, foreign banks have collectively raised their expectations for China's economy, with Morgan Stanley's Xing Ziqiang saying "the first quarter exceeded expectations."
In the past month, economists from HSBC, ANZ, and Citigroup have raised their GDP forecasts for China. Xing Ziqiang believes that China's economic performance in the first quarter was "above expectations", with strong economic momentum and significant increases in investment in XINXINGCHANYE, leading the team to revise its economic growth forecast for the year upward by 0.5 percentage points.
Guosheng Securities: The MLF interest rate has exited the stage, further strengthening the core policy interest rate status of the reverse repurchase rate.
The future trend of interest rates mainly depends on two factors: first, the pace of the central bank's "timely reserve requirement cut and interest rate reduction"; second, the effectiveness of fiscal stimulus, real estate sales, tariff disruptions, and other fundamental conditions.
Chinese Banks Hold Their Benchmark Lending Rates for Fifth Month
China's Industrial Output Up 5.9% In First Two Months
Chinese Banks Extend 1.01 Billion Yuan of New Loans in February
Statistics Bureau: From January to February, the total retail sales of consumer goods increased by 4.0%.
According to the announcement from the Statistics Bureau, from January to February, the total retail sales of consumer goods reached 8,373.1 billion yuan, a year-on-year increase of 4.0%. Among them, the retail sales of consumer goods excluding Autos were 7,683.8 billion yuan, with a growth of 4.8%.