Five Things You Need to Know to Start Your Day
China growth downgrades. Evergrande losses. High-profile exits
Wall Street cuts its China growth forecasts. Evergrande reveals the extent of its losses. And China’s top chipmaker losses its chairman. Here’s what you need to know today.
China’s disappointing economic growth figures prompted several economists to downgrade their forecasts for the year, citing major weaknesses in the recovery and Beijing’s relatively muted stimulus response.