A number of global financial institutions have raised their forecasts for China's economic growth in 2024, projecting a steady recovery of the Chinese economy.

Goldman Sachs' latest macro economic analysis predicts that in 2024, China's consumption market will continue the recovery momentum of 2023, fueling the bullish sentiment overall.
UBS announced an economic forecast with a similarly positive view. In its report on economic outlook for next year, China's consumption and service industries will continue to recover in 2024, and investment related to green transformation will remain strong
In terms of investment, Goldman Sachs said that the growth rate of China's manufacturing and infrastructure investment are expected to accelerate in 2024, with the support of fiscal and monetary policies.
UBS projects China's growth potential in new energy investment, water conservancy projects, urban agglomeration transportation network, utilities and public facilities is relatively large. In manufacturing, investments for boosting green transition are likely to remain strong, and investments related to the technology supply chain are also expected to see strong growth.