The survey of economists in the first half of the year shows that economic expectations for the second quarter are improving, and the value of asset allocation in China continues to rise.

Recently, Securities Times launched the "Economist Questionnaire Survey for the First Half of 2025", with respondents including authoritative economists from government departments, research institutions, and well-known universities. The survey results show that more than 80% of respondents believe that the economic growth rate in the second quarter will not be lower than 5%, with 48.3% of respondents predicting a growth rate in the range of 5.0% to 5.2%. Respondents believe that the consumption situation in the second half of the year will continue to stabilize with policy support, while the heat of the real estate market sales may decline; they are optimistic about the resilience of the stock market and foreign exchange market in the third quarter. Respondents believe that the impact of the results of the Sino-US economic and trade negotiations on the Chinese economy is controllable, and they recommend further strengthening and expanding the implementation of policies to promote the replacement of old items with new ones in the second half of the year, including increasing the total quota and including service consumption in the subsidy range. In addition, respondents generally believe that the development of a stable coin for the Renminbi is more urgent.