Deutsche Bank lifts China's economic growth forecast to 6%

By Jiang Xueqing | | Updated: 2023-02-28 06:40
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Deutsche Bank is bullish on the Chinese market and has revised its economic growth forecast for China from 4.5 percent to 6 percent this year.

With a fast improving outlook for China and global investors becoming more bullish, Deutsche Bank sees a big potential this year for its debt underwriting, asset management, investor services and custody businesses.

The conjuncture of China's clear decarbonization and clean energy transition targets, and financial market liberalization also presents a huge opportunity for foreign banks, said Samuel Fischer, head of China onshore debt capital markets at Deutsche Bank.

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