The World Bank cut forecasts for China’s economic growth this year and 2020 as trade tensions with the United States show no signs of abating and threaten to spill into the finance, technology and even entertainment sectors.
The agency cut China’s 2019 economic growth forecast to 6.1 per cent, down 0.1 percentage point from its previous forecast in April, citing rising structural constraints and “less benign external conditions”, according to a report released . . .
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