JP Morgan: Consumption and investment are expected to increase their contribution to the economy this year

Zhu Haibin, Chief Economist of JPMorgan China, said at the press conference of the JPMorgan Global China Summit in 2025 that the contribution rate of consumption and investment to the economy is expected to increase this year due to the impact of domestic policy adjustments. Judging from the current structural transformation of the economy, Zhu Haibin believes that the April data shows that the strength and weakness of the economic structure are still very obvious. The new economy, especially technological innovation such as AI, still performs better, and the areas supported by government policies are outstanding.