Morgan Stanley cut its China GDP forecasts to 7.6% in 2013, from 8.2%, and 7.6% in 2014, from 7.9%. "This reflects aggregate demand weakness and the new government's less pro-growth policy stance," said Morgan Stanley's chief economist for Greater China, Helen Qiao, in a note. China's appetite for metals and other materials has increasingly been a driver of commodities prices in recent years. (marketwatch)
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