Moody's raised its forecast for Chinese economic growth in 2024 to 4.5 percent from 4 percent previously. Indicating that China's post-pandemic growth strategy, which focuses on manufacturing and export, has begun to take shape well. According to the agency, growth was enhanced in the first quarter thanks to trade and manufacturing activity, as fiscal policy supported this activity.
China has lifted restrictions on investment in foreign securities that it imposed for the first time last July, in a move that could help meet some of the increase in demand for foreign assets despite Beijing's efforts to strengthen its domestic financial markets. The authority approved a share of $167.8 billion for local investment institutions eligible to invest in foreign securities until the end of last May.
Source (Al-Sharq Al-Awsat Newspaper, Edited)
