Researches & Commentaries
2021.4.27
Difficulties in Economic Entities and Partial Financial Risks Draw Particular Attention when Macro Data Indicates a High Growth Rate
Hong Kong, 27 April 2021 -- China Chengxin International Credit Rating Co., Ltd. (“CCXI”) issued a report entitled “The Economic Recovery Continues with Persistent Risks and Asset Allocation Continues to Favor Commodities: Review and Outlook of the Macroeconomic Landscape and the Allocation of Major Assets Categories in Q1 2021”, As estimated by the report, China will post an annual GDP growth of approximately 8.8% in 2021, and the output gap may disappear in 2022. As to the allocation of major asset categories, both stock and gold prices have fallen in the first quarter of 2021, and commodities are, therefore, more recommended in the short term.