Lian Ping: There is still room for macroeconomic policy to exert force in the second half of the year, and manufacturing production and investment will be the biggest bright spots in the economy

Guangkai's Chief Industry Research Institute Director and Chief Economist Lian Ping stated that in the second half of 2024, domestic exports, consumption, and investment will continue to grow to varying degrees. "In particular, factors such as export growth, science and technology innovation policies, equipment upgrades, trade-in programs, financial support, etc., will promote the continued high-speed growth of the manufacturing industry, with manufacturing production and investment being the highlights of the economy in the second half of the year," Lian Ping pointed out. On the overseas front, Lian Ping predicted that the earliest the Federal Reserve will start cutting interest rates will be by the end of the third quarter, with a possible rate cut of 1 time throughout the year, around 25 basis points. With the Federal Reserve's interest rate cut taking effect and the U.S. presidential election in November, significant volatility may occur in the international financial markets. (The Paper)