China economic observation in the second quarter of 2022 From kpmg

The following is the China economic observation in the second quarter of 2022 From kpmg recommended by recordtrend.com. And this article belongs to the classification: Chinese economy, kpmg , research report.
KPMG China released the China economic observation report for the second quarter of 2022. The report points out that in the first quarter of 2022, China’s economy grew by 4.8% year-on-year, higher than market expectations. However, since March, the more infectious Omicron variant has triggered a new round of epidemic spread, with the characteristics of many points, wide range and frequent occurrence. The epidemic situation and prevention and control measures will have a great impact on the economy in the second quarter. In addition, there are many uncertain factors in the current global economy. Geographical conflicts have led to fluctuations in commodity prices, sustained shocks in the international supply chain, and accelerated tightening of monetary policies in developed economies. In the future, China’s economy will face greater downward pressure. We expect that macro policies will be further strengthened, fiscal and monetary policies will be strengthened, and economic growth will be stabilized.
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