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Factbox-Global banks cut China growth forecasts as trade war deepens

Summary by WTVB
SHANGHAI (Reuters) – Global investment banks are lowering their projections for China’s economic growth this year as U.S. President Donald Trump’s aggressive tariffs are expected to take a toll on the world’s second-largest economy. Some of the banks had upgraded their forecasts for China just a month ago, encouraged by signs of improvement in the sputtering economy in the first two months of the year. Sino-U.S. trade tensions have intensified a…
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NewsX broke the news in on Monday, April 14, 2025.
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