Economic outlook improves in China

ZEW announced that the outlook for the Chinese economy has improved

Economic outlook improves in China

The European Economic Research Center (ZEW) stated that the economic outlook of the country is positive, as the country's macro-economic development will increase for the next year and the expectations of the economy will grow at a new record level.

On the other hand, the increase in the macro economic indicators of the China Economic Panel (CEP) to 64 points with a monthly increase of 9.1 points was also effective in ZEW's statement.

While the ZEW survey showed that China's economic situation improved by 13.6 points to 55.8 points, the survey participants stated that they expect the country's economy to grow by 6.5 percent in 2021 and 5.5 percent in 2022.

ZRE international financial markets researcher Michael Schroeder said expectations and assessments of the current situation indicate improvement.