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China's Q2 GDP growth forecast is cut to 7.8% from 8% at JPMorgan, which also reduces its...

China's Q2 GDP growth forecast is cut to 7.8% from 8% at JPMorgan, which also reduces its full-year estimate to 7.6% from 7.8%. There's no indication the government's policy stance will be shifted quickly to support near-term growth, says the bank. Slash rates? Can't do it, says a state economist, thanks to an already abundant pool of global liquidity. Shanghai (FXI, CAF) fell 1.1% overnight.
Comments (1)
  • Teutonic Knight
    , contributor
    Comments (2061) | Send Message
     
    6-month late? Don't you worry, Emperor Xi is looking for a promotion to Emperor Xi the Great, so is Putin the Great. Both are coming on strong; coming on strong.
    14 May 2013, 09:33 AM Reply Like
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