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China's actions boost market sentiment, private sector confidence: Morgan Stanley

02:04

During the 2024 Financial Street Forum, CGTN's Michael Wang sat down with Chetan Ahya, chief Asia economist at Morgan Stanley. Ahya noted that China's recent stimulus measures are boosting market sentiment and private sector confidence. He added that the government can strike a balance between investment and consumption by increasing social security spending in areas such as healthcare, education, and housing. Ahya also predicted that China will account for 25-30 percent of global growth in the medium term, owing to its large economy and stable growth rate.

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