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Coronavirus: China’s 2020 growth forecast slashed in surprise move by prominent bank CICC

Summary:
[unable to retrieve full-text content]Debate about the impact of the coronavirus pandemic on China’s economy took on a new complexion on Monday after the country’s most prominent investment bank turned pessimistic, slashing its 2020 growth forecast.President Xi Jinping has insisted China will meet its economic and social developments goals this year, including eradicating poverty and building up a “moderately well-off society”, despite the virus outbreak sending the economy into free fall in the first two months of the year and…

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[unable to retrieve full-text content]
Debate about the impact of the coronavirus pandemic on China’s economy took on a new complexion on Monday after the country’s most prominent investment bank turned pessimistic, slashing its 2020 growth forecast.President Xi Jinping has insisted China will meet its economic and social developments goals this year, including eradicating poverty and building up a “moderately well-off society”, despite the virus outbreak sending the economy into free fall in the first two months of the year and…

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