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China to miss 7% growth target, says J.P. Morgan Private Bank

An understated economic slowdown and ongoing structural reforms have caused a re-emergence of worries about a hard landing, says J.P. Morgan Private Bank. “While official headline growth stayed at 7% for the first half of 2015, we have reason to believe the true underlying growth momentum is weaker than headline numbers suggest,” notes Dong Chen, vice president and chief economist…

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