Economists surveyed by Bloomberg now expect China's gross domestic product to expand 5.5% this year from a year ago, edging down from a prior estimate of 5.6%. They also said the central bank will likely cut the reserve requirement ratio for major banks earlier than expected. James Mayger reports on Bloomberg Television. Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com Connect with us on... Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness/ Instagram: https://www.instagram.com/quicktake/?hl=en
Economists Trim China GDP Forecasts, See RRR Cut Sooner
Economists surveyed by Bloomberg now expect China's gross domestic product to expand 5.5% this year from a year ago, edging down from a prior estimate of 5.6%. They also said the central bank will likely cut the reserve requirement ratio for major banks earlier than expected. James Mayger reports on Bloomberg Television. Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com Connect with us on... Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness/ Instagram: https://www.instagram.com/quicktake/?hl=en