The chief economist of CITIC Securities clearly stated in his speech at the CITIC Securities 2027 capital market strategy meeting that the K-shaped polarization of the global economy is obvious, China's economic fluctuations are recovering, and China's GDP growth rate may be around 4.5% in 2027. Consumption is expected to heat up moderately, retail sales are expected to shift to smart products, with a zero social growth rate of about 1% in 2027; macroeconomic policies are expected to expand moderately, the deficit rate will continue to be 4.0%, and interest rates may be cut in the second half of the year; the RMB exchange rate is expected to rise moderately. It is expected that the RMB will rise moderately to around 6.4-6.5 in 2027, and the RMB internationalization process may accelerate during the “15th Five-Year Plan” period.

The chief economist of CITIC Securities clearly stated in his speech at the CITIC Securities 2027 capital market strategy meeting that the K-shaped polarization of the global economy is obvious, China's economic fluctuations are recovering, and China's GDP growth rate may be around 4.5% in 2027. Consumption is expected to heat up moderately, retail sales are expected to shift to smart products, with a zero social growth rate of about 1% in 2027; macroeconomic policies are expected to expand moderately, the deficit rate will continue to be 4.0%, and interest rates may be cut in the second half of the year; the RMB exchange rate is expected to rise moderately. It is expected that the RMB will rise moderately to around 6.4-6.5 in 2027, and the RMB internationalization process may accelerate during the “15th Five-Year Plan” period.