BEIJING : Citi analysts cut forecasts for China's 2023 economic growth, saying the world's second-biggest economy is on the brink of a 'confidence trap' as the initial COVID-19 reopening impulse starts to fade.The U.S. investment bank trimmed China's full-year gross domestic product growth forecast to 5.5
BEIJING : Citi analysts cut forecasts for China's 2023 economic growth, saying the world's second-biggest economy is on the brink of a"confidence trap" as the initial COVID-19 reopening impulse starts to fade.
The U.S. investment bank trimmed China's full-year gross domestic product growth forecast to 5.5 per cent from 6.1 per cent previously, according to a note published on Tuesday. To shore up the slowing recovery, China on Tuesday cut its key lending benchmarks, the first such reductions in 10 months.
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