“Not good…”: Private banks and fund managers downbeat on Q2 China data

By Stanley Yupu Li , senior reporter | 15 July 2024 | 4 minutes read

Private banks and asset managers are questioning whether China can meet its GDP growth target of “around 5%” for 2024, after new data showed a marked deceleration in household spending and a continued downturn in the property market. According to official 2Q24 data released on Monday, annualised GDP grew at 4.7%, down from 5.3% YoY. The result fell far short…

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