J.P. Morgan raises forecast for China's 2024 growth to 5.2 pct

SHANGHAI, May 22 (Xinhua) -- Zhu Haibin, chief China economist at J.P. Morgan, estimates China's economy will grow 5.2 percent in 2024, up from his previous estimate of 4.9 percent.

The economist announced his updated estimate during the J.P. Morgan Global China Summit in Shanghai on Wednesday.

Zhu said that the country's robust 5.3 percent year-on-year economic growth in the first quarter of 2024 surpass