Hsin Hsin: Market Generally Optimistic About China's First Quarter Economic Performance

AI Summary (NQ-processed)

China is about to announce its Q1 GDP figures, with the market generally optimistic about its performance, expecting a growth rate of around 4.8% to 5%. Despite the worsening Middle East situation leading to soaring oil prices, the direct impact on China's real economy has been relatively limited. Most banks and brokerages predict that China's Q1 economy will achieve a "good start" with accelerated growth. Goldman Sachs expects Q1 GDP growth of 5.5%, but due to upward revisions in oil price forecasts amidst the Middle East conflict, they lowered their Q2 GDP growth forecast to 4%.