Morgan Stanley's chief economist in China, Xing Ziqiang, stated that currently, China's economy has stabilized to some extent, but still faces challenges and is very imbalanced. International investors focus on the debate over China's growth prospects: whether the real estate market adjustment is complete, the impact of trade frictions, and when to emerge from low inflation. We believe that policies are moving in the right direction, but the market still requires patience for a while. The nominal economic growth rate will stabilize at a low level this year and gradually rise moderately next year. By 2026, inflation and nominal GDP growth will further rebound to satisfactory levels. (First Finance Daily)