Wang Qing, Chief Economist at Oriental Gold Trust: The economy will show a "V-shaped" trend throughout the year.

According to data released by the National Bureau of Statistics on July 15, China's GDP growth rate in the second quarter of 2026 was 4.3% year-on-year, compared to 5.0% in the first quarter, with a first half GDP growth rate of 4.7%. In response to this, Wang Qing, Chief Economist of Orient Securities, stated that the moderate implementation of growth-stabilizing policies has driven domestic demand to rebound, and with the fading of short-term impact factors, GDP growth in the third quarter is expected to rise to around 4.6%, with further acceleration in the fourth quarter, presenting a "V-shaped" economic trend for the whole year. In the second half of the year, new drivers such as high-tech manufacturing industry will maintain rapid development momentum, while old drivers such as real estate will continue to face pressure, leading to a continued "K-shaped" differentiation pattern in the economy.