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Bullish Credit Suisse Economist Says China Can Still Grow 5.9%

  • Yi David Wang predicts strong factory production, investment
  • Lockdowns could lead to downward revision in forecast
A perimeter wall surrounds a neighborhood placed under lockdown due to Covid-19 in Shanghai.

A perimeter wall surrounds a neighborhood placed under lockdown due to Covid-19 in Shanghai.

Photographer: Qilai Shen/Bloomberg

As most economists slash their forecasts for China’s growth this year, one estimate stands out: An expectation the world’s second-largest economy could expand 5.9% this year.

That’s the prediction from Yi David Wang, chief China economist at Credit Suisse Group AG, the most optimistic forecaster polled by Bloomberg. While he said he could revise his projection closer to 5.6% once the impact of coronavirus lockdowns becomes clearer, both figures are still above the consensus of 5% growth for 2022.