20 August 2019

Investment bank tips 7.3% growth for China in 2014, Xinhua says

Investment bank China International Capital Corp. has revised down its 2014 growth forecast for China from 7.6 percent to 7.3 percent due to several factors, Xinhua reported Tuesday. The corporation attributes the “weakened growth momentum” mainly to restraints on demand, economic restructuring and financial risk control, the report said. In the short term, it is difficult for macroeconomic policies to strike a balance between readjusting the economy and maintaining growth, leading to persistent downward pressure on demand growth, it said.

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