According to the latest prediction of the Hong Kong and Shanghai Banking Cooperation (HSBC), the Chinese economy will revive in the second quarter, while over the second half gross domestic product (GDP) growth will recover reaching over 8.5 percent for the whole of the current year.
Meanwhile, global financial services firm JPMorgan has also predicted that the Chinese economy will see a gradual recovery in the second quarter, while the Chinese government is expected to loosen its monetary policy in the coming months, helping the economy to stage a vigorous rebound in the second half, with
China's full-year economic growth accordingly expected to reach 8.2 percent.