Citi Upgrades China Growth

🇨🇳 🇨🇳 BREAKING: Citi boost 2023 China growth forecast to 5.3% from 4.7%; economy has hit its cyclical trough; 2024 forecast unchanged at 4.6%; early signs that the Chinese economy has reached a cyclical trough, with consumer spending looking like it’s climbing back and those consumers likely having ample savings to support a further cyclical bounce; actions taken by the People’s Bank of China have helped put a floor under the ailing property sector as well as providing more general support
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