Morgan Stanley raised its 2026 China GDP growth forecast to 4.8% from 4.7%, citing resilient exports driven by AI and green-investment demand.The bank’s economists say China’s supply-chain strength is helping it gain additional global export market share. They also note the economy is relatively insulated from oil-price shocks due to its diversified energy mix and strategic reserves.Robust exports have reduced the need for further stimulus, prompting Morgan Stanley to drop its call for second-half fiscal support and additional monetary easing. The PBOC is instead likely to rely on liquidity injections and targeted credit tools rather than interest-rate cuts.(金十数据)