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Goldman Sachs expects China’s economy to grow 7.5% in 2021, CICC predicts 9% growth

The world's second largest economy is expected to grow by 7.5 per cent in 2021 driven by a strong rebound in domestic consumption, Goldman Sachs estimated in its research note on Thursday.

That would be the fastest growth since 2014, but lower than market consensus of 8 per cent expansion.

Goldman Sachs said its projection was based on assumption that China's economic policy will return to normalcy next year. As the demand . . .

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