S&P Global has lowered its forecast for China's economic growth this year to 5.2% from 5.5%, citing weak consumer confidence and a sluggish housing market. The world's second-largest economy has begun to slow in recent months despite the lifting of strict anti-COVID measures. Possible policies to stimulate the economy could include fiscal support for consumption, credit expansion, longer-term mortgage financing, and infrastructure financing, according to S&P.
