Oddbean

Banks trim China's GDP forecasts as its leaders huddle at plenum ========== Investment banks have downgraded their forecasts for China's economic growth this year after weak second quarter results. China's GDP growth in Q2 slowed to 4.7%, falling below the 5.3% increase in Q1 and a consensus forecast for 5.1% growth. The downgrade adds pressure on President Xi Jinping to offer more support at a key Communist Party meeting this week. #China #Gdp #EconomicGrowth #Forecast #CommunistParty https://asia.nikkei.com/Economy/Banks-trim-China-s-GDP-forecasts-as-its-leaders-huddle-at-plenum