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China’s GDP growth expected to grow 5.7% in 2020, weak investment a major drag – UBS wealth management


China’s economic growth could slow to 5.7 per cent next year, primarily dragged by weak investment amid uncertainties from the ongoing trade war with the United States, according to UBS Wealth Management.

China and the US are moving closer to a phase one trade deal but it's unlikely for them to strike more ambitious phase two or phase three deals next year given their disagreements at recent talks, said Hu Yifan, regional chief investment . . .

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