China's Economy Shows Signs of Stabilization as Factory Output, Retail Sales Pick Up

China's economy shows signs of stabilization as factory output and retail sales grow faster in August.
J.P.Morgan and ANZ raise 2023 GDP growth forecasts for China to 5% and 5.1% respectively.
Government policies since mid-August providing support, though real estate investment still sluggish.
Goldman Sachs keeps Q3 GDP growth forecast unchanged at 4.9%.
Economy still faces headwinds but increasing policy support providing boost.

yahoo.com

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8/29/2023

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