Japanese investment bank Nomura lowers its 2016 GDP growth forecast for China

Market news

6 October 2015

Japanese investment bank Nomura lowers its 2016 GDP growth forecast for China

Japanese investment bank Nomura lowered its GDP growth forecasts for China to 5.8% for next year on Monday, down from the previous estimate of a 6.7% growth. Yang Zhao, Nomura's economist, said that the Chinese economy slowed more sharply than anticipated. He added that the main reason is slowing property investment growth.

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