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Why UBS GWM and UBP think China will fall short of 5% growth target

China has announced an ambitious 5% growth target for 2024, leading to some raised eyebrows among the investor community as the world’s second-biggest economy battles a property crisis, deflation and geopolitics. Private banks such UBS Global Wealth Management (GWM) and UBP believe China will fail to hit this growth target. Premier Li Qiang announced the growth target on Tuesday at…

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