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An indication is displayed on the Morgan Stanley constructing in New York U.S., July 16, 2018. REUTERS/Lucas Jackson/File Photograph Acquire Licensing Rights
Aug 18 (Reuters) – 5 main brokerages reduce China's financial progress forecast for the yr as worries about contagion from debt reimbursement troubles at its high personal property developer Nation Backyard (2007.HK) deepened.
China's financial progress outlook has soured additional with retail gross sales, industrial output and funding rising at a slower-than-expected tempo.
Weak shopper demand has tipped the world's second largest economic system into deflation amid rising stress on Beijing to ship extra stimulus to help the economic system.
Following are forecasts from some international banks:
Compiled by the Dealer Analysis crew in Bengaluru; Modifying by Rashmi Aich
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