Fitch Ratings improved its outlook due to a faster-than-expected recovery in economic activity The Chinese economy will perform better than expected and is projected to grow 5% this year, Fitch Ratings reported in a revised forecast published on Wednesday. The growth prediction for the world’s second-largest economy was raised from December’s expectations of 4.1% due to “evidence that consumption and activity are recovering faster than initially anticipated” as Beijing lifted its stringent Covid-19 restrictions. This comes after a weaker-than-expected performance last year, when the country’s GDP grew by 3%, hampe
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