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%

Update details:

- 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.

Print 06:49, 15 Jul 2013 - Economic commentary - Source: Newswires