Following yesterday's data showing solid Q1 gross domestic product result:
JPM and Citi both lifted their 2023 economic growth projections:
Comment from JPM's Chief China Economist Haibin Zhu:
- "The post-reopening recovery shouldd continue in the near term, and we expect the growth momentum will soften into H2 amid external sector uncertainty and as the front-loading of macro policy support turns into a drag later this year,"
