News Headline Summary
JP Morgan cuts China 2013 GDP growth estimate to 7.4% from 7.6% and cuts 2014 GDP estimate to 7.2% from 7.7%
- Overnight, Chinese Q2 GDP came in at 7.5%, in line with exp. but lower than prev. of 7.7%.
- China Stats bureau said the economic slowdown is partially a result of slowing potential productivity and is also partially due to deliberate efforts of structural reform.
06:49, 15 Jul 2013 -
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