---
title: "Morgan Stanley China Chief Xing Ziqiang: Policy effects helped China's economy exceed expectations in the fourth quarter of last year, and it is expected to continue to strengthen this year"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/225429183.md"
description: "Morgan Stanley's Chief Economist for China, Xing Ziqiang, stated that China's economic performance in the fourth quarter of last year exceeded expectations, thanks to policy adjustments since September of last year. He pointed out that the subsidy policy for replacing old consumer goods and strong export performance were the main reasons. It is expected that the economy will continue to strengthen this year"
datetime: "2025-01-18T12:22:50.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/225429183.md)
  - [en](https://longbridge.com/en/news/225429183.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/225429183.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/225429183.md) | [繁體中文](https://longbridge.com/zh-HK/news/225429183.md)


# Morgan Stanley China Chief Xing Ziqiang: Policy effects helped China's economy exceed expectations in the fourth quarter of last year, and it is expected to continue to strengthen this year

After the release of China's GDP data, Morgan Stanley's Chief Economist for China, Xing Ziqiang, stated that this indicates a series of incremental policy adjustments since late September last year have been effective, and the economic performance in the fourth quarter of last year exceeded market expectations. Regarding the reasons, Xing Ziqiang pointed out that on one hand, the subsidy policy for replacing old consumer goods with new ones has shown results, with good sales performance for home appliances and automobiles in October and November 2024; on the other hand, exports have performed strongly since September last year

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