HSBC's new economic growth forecasts for China:
- 4.9% in 2023 (were previously above 5%)
- 4.6% in 2024
HSBC expect People's Bank of China monetary policy to loosen further ahead with further cuts to both interest rates and the RRR.
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HSBC cut its forecast for China GDP growth in 2023 and 2024 - see the PBOC easing further
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