The Traderszone Network

Published in TZ Latest News 15 September, 2014 by The TZ Newswire Staff

Economists dial down China growth forecasts after weak August data

HONG KONG/BEIJING (Reuters) – Data showing that the Chinese economy quickly lost steam in August caused some economists on Monday to trim their 2014 growth forecasts for the country. Barclays Capital reduced its projection to 7.2 percent from 7.4. “Our downward revision is based on our belief of a shift in the government’s attitude and it is now less focussed on achieving the 7.5 percent growth target,” analysts at Barclays said in a note.

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