HSBC's new economic growth forecasts for China:
- 4.9% in 2023 (were previously above 5%)
- 4.6% in 2024
HSBC expect People's Bank of China monetary policy to loosen further ahead with further cuts to both interest rates and the RRR.
HSBC cut its forecast for China GDP growth in 2023 and 2024 - see the PBOC easing further