ecns [expanded by feedex.net]
ecns
Institutions reduce China growth outlook
http://www.ecns.cn/business/2013/06-14/68425.shtml
Jun 14th 2013, 06:42
2013-06-14 15:42 CNTV
For China's growth expectations, the recent flurry of sluggish macro data is also dampening institutional investors' growth forecasts.
Banks as well as securities companies see weaker-than-expected real GDP figures for this year, plus a softer inflation rate and lower growth in credit supply. For the second-quarter, Bank of America Merrill Lynch slightly lowered its forecast to between 7.6 and 7.7 percent year on year - from a 7.7 percent projection earlier. ANZ Bank in the meantime cut its full-year outlook for both 2013 and 2014. Some analysts are expecting the People's Bank of China to take further bold monetary loosening steps in coming months to re-ignite growth.
The National Bureau of Statistics will release the second-quarter GDP data for China on July 15.
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Industry growth brightens outlook
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