12:35 - 6.11.2023

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November 6, Fineko/abc.az. JPMorgan and Pimco announced their forecasts on China.

ABC.AZ reports that the forecast reveals structural problems in the Chinese economy.

For this reason, JPMorgan and Pimco said investors in China should be careful.

Thus, according to the forecast of JPMorgan CEO Joyce Chang, China's economy will exceed the growth rate of 5% this year, which is the official goal of her government.

However, according to Chang, growth may decline by about 3% in the next 10 years.