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China 2020 GDP forecasts left unchanged as size of Beijing stimulus disappoints

Summary:
[unable to retrieve full-text content]Economists have made few changes to Chinese growth forecasts for this year after Beijing announced details of a new stimulus plan, with many disappointed it was less aggressive than the support package implemented after the global financial crisis in 2008.The world’s second largest economy is now widely expected to grow by between 1.5 per cent to 2.5 per cent in 2020, analysts said, with second quarter data crucial in forecasting annual growth given the uncertain outlook for consumer spending…

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[unable to retrieve full-text content]
Economists have made few changes to Chinese growth forecasts for this year after Beijing announced details of a new stimulus plan, with many disappointed it was less aggressive than the support package implemented after the global financial crisis in 2008.The world’s second largest economy is now widely expected to grow by between 1.5 per cent to 2.5 per cent in 2020, analysts said, with second quarter data crucial in forecasting annual growth given the uncertain outlook for consumer spending…

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