JPMorgan lowers mainland China's Q2 economic growth forecast to 4%

JPMorgan's latest report pointed out that the mainland's economic growth forecast has been lowered to 4%, mainly because mainland families' confidence in job security and income prospects remains weak. This reflects that the problem of structural imbalance in the mainland economy still exists, and the long-term imbalance between supply and demand has led to deflationary pressure that is difficult to eliminate.

JPMorgan analysts pointed out that the actual growth of the mainland economy will face many challenges in the next few quarters. In addition to the lack of confidence among mainland households, the uncertainty of the global trade environment will also have a negative impact on the mainland's economic growth.

Challenges facing the Mainland economy

The JPMorgan report pointed out that the mainland economy faces multiple challenges, including structural imbalances, deflationary pressures and uncertainty in the global trade environment. These factors will have a lasting impact on the mainland's economic growth.

structural imbalance problem

The structural imbalance of the mainland economy has always existed, which has led to a long-term imbalance between supply and demand. JPMorgan believes that solving this problem requires the mainland government to further promote structural reforms and strengthen industrial upgrading and transformation.

Uncertainty in the global trade environment

The uncertainty of the global trade environment has had an adverse impact on the mainland's economic growth. Morgan Stanley suggested that the mainland should actively respond to changes in global trade, strengthen international cooperation, and promote the stability and development of the multilateral trading system.