UBS has raised its forecast for economic growth in China this year to 4.6%, from 4.4%

<p>UBS Investment Bank has raised its forecast for economic growth in China this year to 4.6%, from 4.4% previously.</p><p>UBS says it expects China's property market to stabilise in the coming months, which will help support household confidence:</p><ul><li>"That should support continued post-Covid consumption recovery along with the economy and labor market, though at a slower pace"</li></ul><p>—</p><p>Earlier today:</p><ul><li><a href="https://www.forexlive.com/news/chinas-stock-market-rout-continues-shanghai-composite-hits-a-four-low-20240118/" target="_blank" rel="follow" data-article-link="true">China's stock market rout continues – Shanghai Composite hits a four low</a></li></ul><p>BY almost every measure Chines stocks are cheap, really cheap.</p><p>But, this guy:</p>

This article was written by Eamonn Sheridan at www.forexlive.com.