QNB: Chinese economy will achieve strong growth during 2024

Qatar National Bank (QNB) revealed that it expects China to achieve strong economic growth during the current year.

According to CNBC, the weekly report issued by the bank explained that the acceleration of growth in the Chinese economy during 2024 is based on the government’s commitment to reach annual growth of up to 5%.

In addition to the expected decline in interest rates due to the return of accommodative policies, as well as the acceleration of the global manufacturing cycle, which supports achieving a growth rate close to the official target of 5%.