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Fitch: CN Econ Growth Estimated to Slow to 4.1% This Yr amid Feeble Domestic Demand
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Data suggested a "two-speed" pattern in China’s economy will persist until 2026, with strong external demand but weak domestic demand, Fitch Ratings said. China's GDP growth was expected to slacken from 2025's 5% to 4.1%. Fitch forecast that domestic demand will continue to be constrained by sluggish consumer confidence, deflationary pressures, and investment headwinds, which have broadened beyond the property-sector correction and is exacerbated by local government debt overhang. Policy efforts to reboot investment and shift towards greater consumption may intensify but will proceed progressively, providing limited support to economic activity, Fitch added. AASTOCKS Financial News Website: www.aastocks.com |
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