Fitch
Ratings on Wednesday cut its forecast on China's 2013 economic growth
to 7.5% from its previous projection of 8% in March. The new forecast
put the rating agency's outlook on China more in line with the
consensus, and also matches the Chinese government's own target for the
year. Fitch said that for 2014, it sees China's gross domestic product
also rising 7.5%, slowing to 7% growth in 2015. Goldman Sachs, HSBC,
Bank of America-Merrill Lynch and Crédit Agricole have all recently cut
their growth projections for China, with Credit Suisse saying the
Chinese economy might slow to 6% expansion in the year ahead.
Source by Commodity Insights
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