-
In Chinese astrology, the fire horse can be highly unpredictable, unstable, and sometimes a bit chaotic.
China’s economy and financial markets have experienced ups and downs recently, and there’s likely to be more of that in the upcoming Year of the Fire Horse.
{video}
At ANZ Research, we hold a cautiously optimistic view on China. Gross domestic product is expected to grow within a range of 4.5 per cent to 5 per cent.
More encouragingly, China’s economy is increasingly relying more on technology, like artificial intelligence and robotics, which makes China more structurally resilient.
The Chinese currency will continue to appreciate, and the People’s Bank of China will be focussed on ensuring it does not do so excessively.
At the beginning of the Year of the Fire Horse, I wish you all a year of appreciation in your quality of life.
Raymond Yeung is Chief Economist, Greater China at ANZ
Share
 |
Receive insights direct to your inbox |
Related articles
-
Declining consumer confidence and spending data support ANZ Research’s forecast of no further rate rises in 2026.
2026-02-12 00:00 -
A more benign economic environment lies in store for 2026.
2026-02-06 00:00 -
The forces driving sharp shifts in the US dollar lower — as well as strength in the $S, $NZ and $A —are secular, strong and likely to be sustained.
2026-02-04 00:00
This publication is published by Australia and New Zealand Banking Group Limited ABN 11 005 357 522 (“ANZBGL”) in Australia. This publication is intended as thought-leadership material. It is not published with the intention of providing any direct or indirect recommendations relating to any financial product, asset class or trading strategy. The information in this publication is not intended to influence any person to make a decision in relation to a financial product or class of financial products. It is general in nature and does not take account of the circumstances of any individual or class of individuals. Nothing in this publication constitutes a recommendation, solicitation or offer by ANZBGL or its branches or subsidiaries (collectively “ANZ”) to you to acquire a product or service, or an offer by ANZ to provide you with other products or services. All information contained in this publication is based on information available at the time of publication. While this publication has been prepared in good faith, no representation, warranty, assurance or undertaking is or will be made, and no responsibility or liability is or will be accepted by ANZ in relation to the accuracy or completeness of this publication or the use of information contained in this publication. ANZ does not provide any financial, investment, legal or taxation advice in connection with this publication.