[JPMorgan: China's GDP growth for the whole year is expected to be 5.9% consumption recovery is a "K-shaped recovery"). Zhu Haibin, chief China economist and head of economic research for Greater China at JPMorgan Chase, said at a media conference at the JPMorgan Global China Summit this afternoon that China's GDP growth is expected to be about 5.9% this year, of which consumption growth is slightly higher than 4.2%. This year's domestic consumption recovery is a "K-shaped recovery", with excess savings concentrated in high-income households, and the balance sheets of low-and middle-income households have been damaged to some extent. In the early stage of the recovery of consumption after the epidemic, if policies continue to stimulate demand and sales pick up, the economic recovery is expected to enter a positive cycle. (reporter Liu Chaofeng)