Qiao Hong, chief economist at Bank of America Securities Greater China, said at the Asia and Greater China Economic Macro Outlook Conference that China's annual GDP growth rate is expected to reach 4.7% in 2026. At the same time, she said that the mainland is expected to introduce more countercyclical adjustment policies at that time to support economic growth close to the target level. Qiao Hong said that in order to continue to stimulate domestic demand, the mainland's monetary policy will be moderately relaxed. The People's Bank of China will cut interest rates by 10 basis points twice in 2026. The decline in policy interest rates is expected to occur in the first and second quarters of 2026. Regarding the real estate market, Qiao Hong pointed out that the downward trend in the mainland property market is expected to bottom out in 2026. Housing prices in first-tier cities are expected to pick up first. After they stabilize, the recovery trend will gradually spread to the second- and third-tier city markets.

Qiao Hong, chief economist at Bank of America Securities Greater China, said at the Asia and Greater China Economic Macro Outlook Conference that China's annual GDP growth rate is expected to reach 4.7% in 2026. At the same time, she said that the mainland is expected to introduce more countercyclical adjustment policies at that time to support economic growth close to the target level. Qiao Hong said that in order to continue to stimulate domestic demand, the mainland's monetary policy will be moderately relaxed. The People's Bank of China will cut interest rates by 10 basis points twice in 2026. The decline in policy interest rates is expected to occur in the first and second quarters of 2026. Regarding the real estate market, Qiao Hong pointed out that the downward trend in the mainland property market is expected to bottom out in 2026. Housing prices in first-tier cities are expected to pick up first. After they stabilize, the recovery trend will gradually spread to the second- and third-tier city markets.