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UBS: Chinese economy to lose steam?

Although the Chinese economy is unlikely to experience a hard landing, UBS believes growth momentum has peaked and the world’s second largest economy could lose steam. “The 1Q rate of investment is unsustainable, we think, because FAI [fixed-asset investment] has been fueled mainly by the housing market boom and robust infrastructure spending,” says Yifan Hu, regional CIO for Greater China…

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