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Citigroup lowers China 2023 GDP forecast to 4.7% from 5.0%

I don't think the market is overly worried about 0.3 pp of Chinese growth.What it's worried about is that China isn't dead-set on hitting economic targets anymore and boosting growth. The central bank cut rates today but not as aggressively as assumed. The problem for China lately is that it's looking like 0.3 pp needs to be cut from every year. This article was written by Adam Button at www.forexlive.com... Read More

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Citigroup

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Posted: Aug 21 2023, 12:21

Author Name: forexlive

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