Dah Sing: Mainland economic data has mixed reviews or may cut reserve requirement ratio again

Mainland China's economy grew by 5.3% year-on-year in the first quarter, slightly faster than the 5.2% growth rate in the fourth quarter of last year. Wen Jiawei, chief economist and strategist of Dah Sing Financial Group, said that although the data shows that economic growth has improved, there are still some uncertainties. He pointed out that mainland economic data were mixed, and he did not rule out the possibility of another RRR cut in the second quarter.

economic growth trends

According to the latest data, mainland China's economic growth in the first quarter was 5.3%, slightly faster than the fourth quarter of last year. This shows that the economic growth trend is stable, but follow-up developments still need to be paid close attention to.

Wen Jiawei's view

Wen Jiawei pointed out that although the data shows that economic growth has improved, there are still some uncertainties in the mainland economy. He believes that mainland economic data are mixed and further policy adjustments may be needed.

Second quarter outlook

Regarding the outlook for the next quarter, Wen Jiawei said that he does not rule out the possibility of another RRR cut in the mainland. He believes that through timely policy adjustments, we can effectively respond to the challenges facing the economy and promote stable economic growth.

• Economic Growth5.3%
• Mainland economic data is mixed
• Wen Jiawei believes that the reserve requirement ratio may be lowered again