The ASEAN+3 Macroeconomic Research Office (AMRO) anticipates China’s economy to expand by 5.3% this year, bolstered by the stabilizing property sector and improving external demand. What Happened: AMRO, based in Singapore, suggests that a gradual recovery in China’s property market, backed by ongoing policy measures, will boost real estate investment and have positive ripple effects on the rest of the region. This forecast was first reported by Bloomberg on Monday. This growth projection aligns with China’s official target of around 5%, a target deemed ambitious and requiring further governmen…
