UBS predicts mainland economic growth this year to 4.9%

UBS pointed out that due to stronger export demand and first-quarter economic growth that exceeded expectations, they raised their export forecast for this year to 3.5% from the previous growth of 1.2%. This adjustment is expected to boost real GDP growth by 0.5 percentage points from net exports.

UBS's forecast for mainland China's economic growth this year has also been adjusted, raising the growth rate to 4.9%. This adjustment is mainly based on the adjustment of export forecasts and the observation of economic growth in the first quarter.

UBS’s view on the mainland economy

UBS believes that the mainland economy will maintain steady growth this year. In addition to the strengthening of export demand, the mainland's consumption growth will also remain at a stable level.

Mainland economic challenges

However, UBS also pointed out that the mainland economy still faces some challenges, such as trade frictions and increasing global economic uncertainty. These factors may have a certain impact on the growth of the mainland's economy.

UBS's advice

In order to deal with these challenges, UBS recommends that the mainland government should strengthen the supervision and regulation of the mainland economy and actively respond to changes in the external environment to ensure that the mainland economy can continue to grow steadily.