CNCBI: It is difficult to maintain growth rate in the next three quarters

Zhuo Liang, chief economist of China CITIC Bank (International), said that China's economy will face some challenges in the remaining three quarters of this year and it will be difficult to maintain the GDP growth rate of about 5% in the first quarter. This is mainly due to the impact of a higher comparison base on economic growth.

Economic growth is affected by the comparison base

Zhuoliang pointed out that the growth rate in the first quarter was mainly affected by government stimulus measures, but in the following quarters, this stimulus effect will gradually fade, making the economic growth unsustainable.

CNCBI remains cautiously optimistic about full-year economic performance

Despite the pressure of slowing growth, CNCBI remains cautiously optimistic about China's economic performance throughout the year. They believe that although the growth rate may slow down, the overall economy will still maintain stable growth.

The impact of external factors on China’s economic growth

Zhuoliang also pointed out that in addition to internal factors, changes in the external environment will also have an impact on China's economic growth. The instability of the global trade environment and geopolitical risks may bring certain uncertainties to the Chinese economy.

Challenges and opportunities facing China's economy

In general, China's economy will face some challenges in the remaining quarters, but it will also usher in some opportunities. The government should actively respond to various challenges and maintain stable economic growth.