UBS_Economics-China_Economic_Comment_China_Economic_Calendar_2025_Decemb...-112569497_14页_1mb

December economic data showed mixed results, with manufacturing PMI indicators softening but new orders improving. China's economy maintained a stabilization trend in high-frequency metrics, including auto sales and port activities, while property sales stabilized around 20% YoY growth. UBS forecasted a rebound in Q4 GDP growth to 4.8-5.0% YoY, driven by improved industrial output, retail sales, and export performance. Key risks include ongoing property market challenges and potential policy shifts.