By Kim Da-ye
The Chinese economy will grow 9 percent this year ― far above the government’s 7.5 percent prediction ― a chief economist of Morgan Stanley said Thursday during her trip to Seoul.
“The actual growth has always been higher than the government’s target. We believe that this year, it will be no different,” said Helen Qiao, the investment bank’s chief greater China economist.
Qiao said that Morgan Stanley’s forecast exceeds the market’s consensus of 8.5 percent.
While acknowledging the gap between the two forecasts isn’t large, Qiao said that the different point made in Morgan Stanley’s forecast is that China’s growth rebound