JPMorgan: Contribution of Consumption and Investment to the Economy Expected to Rise This Year
At the 2025 JPMorgan Global China Summit media meeting, Zhu Haibin, Chief Economist of JPMorgan China, stated that due to domestic policy adjustments, the contribution rate of consumption and investment to the economy is expected to rise this year. From the perspective of the current economic structural transformation, Zhu Haibin believes that the data from April shows that the differentiation in the strength of the economic structure is still very evident. The new economy, particularly technological innovations such as AI, which are prioritized by government policies, continues to perform well.
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