China News Service, Hong Kong, January 3 (Reporter Wei Huadu) Citibank held a "2023 Global Investment Foresight" investment strategy briefing in Hong Kong on the 3rd. Citibank executives predicted the economic growth of Mainland China in 2023 at the meeting. 5.3%, or even higher.

  Chen Zhengluo, senior investment strategist of Citibank's wealth management business, analyzed at the briefing that the mainland's withdrawal of a number of epidemic prevention measures in December last year has provided relatively strong support for its economy, and the government's introduction of property market stabilization measures has helped mainland real estate companies expand Widen funding channels, and a stable property market will help economic growth.

  He said that in the initial stage of the reopening of the mainland, the damage of the epidemic will be concentrated in the fourth quarter of last year and the first quarter of this year, but this is the off-season of production and will have little impact on this year's annual economic growth. It is expected that the second quarter will usher in a recovery.

In addition, he predicts that as the epidemic passes, the retail market in the mainland will improve. This year, the retail industry may grow by 11% year-on-year to 50 trillion yuan.

  He said that the global market is more likely to fall into recession, which will cause the mainland's export performance to continue to shrink this year.

The latest Purchasing Managers Index (PMI) in the Mainland is not ideal, but due to the increased confidence of enterprises in economic recovery, the increase in infrastructure investment, the introduction of policies to stabilize the economy, the increase in domestic demand and the growth in fixed asset investment, etc., it is expected to offset weak exports, etc. Disadvantages.

If the overall performance is satisfactory, it cannot be ruled out that the economic growth of the Mainland this year will be adjusted upward again.

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