Economics

China Growth Forecasts Raised as Consumer Spending Strengthens

Goldman Sachs Chief China Economist, Hui Shan, discusses China's recovery outlook after 2Q.Markets: China Open." (Source: Bloomberg)

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By Bloomberg News

July 16, 2021 at 4:44 AM UTC

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China’s better-than-expected economic data in June and a stronger pickup in consumption prompted several economists to raise their growth forecasts for the rest of the year.