Corona Capital: Chinese bears, Bond liquidity | Reuters


China International Capital Corporation, ordinarily inclined to see the economic bright side, has donned dark shades. The $7 billion investment bank slashed its forecast for the country’s economic growth this year to a feeble 2.6%, from 6.1%. That may seem logical given the damage wrought by the coronavirus.

But President Xi Jinping’s administration is so far sticking to its official target for a 6% increase in gross domestic product.

Source: Breakingviews – Corona Capital: Chinese bears, Bond liquidity – Reuters

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