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Nomura raises China GDP forecast (yes, raise). BoA sees green shoot in China profit data.

Nomura bumped its forecast for 2023 economic growth in China higher, to 4.8% from previously at 4.6%.Bank of America have dialled back the pessimism on China also. They have been touting improving domestic and investment demand and have now spotted a 'green shoot' in the profits data that was released yesterday:China August Industrial Profits +17.2% y/yFrom BoA's note:Both industrial profit & revenue growth improved in August, both turned positiveProfit growth improvements seen across the boardw...
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Posted: Sep 27 2023, 21:33
Author Name: forexlive
Views: 090437