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Banks upgrade China growth forecast, foreigners flock to Shenzhen: SCMP daily highlights
From investment banks upgrading their growth forecasts to a rise in overseas visitors in Shenzhen, here’s a round-up from today’s coverage
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1. Goldman Sachs, UBS raise China economic growth forecasts after US trade truce
With tariff reductions signalling a de-escalation of trade tensions between China and the United States, investment banks are upgrading their economic growth forecasts for both countries.
2. US shares sixth-generation fighter details, intensifying China air rivalry
The US has unveiled more details about its sixth-generation fighters, intensifying its competition with China for air superiority in future warfare.
3. Foreigners flock to China’s Shenzhen as visa-free entries surge 160%
Shenzhen, China’s southern tech hub, has reported a swell of overseas visitors this year, an influx attributed to the country’s expansion of visa-free entry and its integration of the Greater Bay Area, a region that incorporates Guangdong province, Hong Kong and Macau.
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