Here’s how much 10 big banks have cut their China growth forecasts — CNBC

Here’s how much 10 big banks have cut their China growth forecasts — CNBC
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(Oct 15): Ahead of China’s quarterly growth numbers due out on Monday, most major investment banks have trimmed their economic predictions for the year and warned that abrupt power cuts and a property market slump may drag down growth, CNBC reported.

CNBC tracked estimates for China’s full-year GDP from 13 major banks, 10 of which have cut their forecasts since August. The median prediction is growth of 8.2% this year, following the latest cuts. That’s down 0.3 percentage points from the prior median forecast.

 

Siow Chen Ming