Factbox-Upbeat China Q3 GDP prompts most brokerages to raise their targets By Reuters

(Reuters) – Three huge brokerages, together with J.P.Morgan, raised their 2023 development forecast for China, after the nation’s financial system grew at a faster-than-expected tempo within the third quarter from a 12 months earlier.

Goldman Sachs, nevertheless, lower its view to deliver it extra consistent with the goal set by its friends. All 4 brokerages listed under have pegged their estimates above Beijing’s 5% development goal for the 12 months.

Following are the forecasts from international brokerages:

Brokerage Present 2023 GDP Development Earlier 2023 GDP Development

Forecast Forecast

J.P.Morgan 5.20% 5%

Nomura 5.10% 4.80%

Citigroup (NYSE:) 5.30% 5%

Goldman Sachs 5.30% 5.40%