Chief economist Zhao Wei of Shenwan Hongyuan Securities: "Fighting against internal competition" and the opening-up of the service industry will help the economy break through.

date
17/07/2025
Zhao Wei, chief economist of Shenwan Hongyuan Securities, believes that in the second half of 2025, the main macroeconomic indicators supporting the economy may see a "strong-weak transition" in structure. The previously weak performance of service industry investment and consumption is expected to improve in the first half of the year, with additional support policies expected to be implemented in the second half of the year. The recovery of the service industry is expected to moderately offset the pressure on the manufacturing industry.