Weak Chinese economic data in August prompted Morgan Stanley analyst Helen Qiao and her team to downgrade the country’s growth forecast.
They now expect 2012 GDP growth of 7.5 per cent, down from 8 per cent; and 2013 GDP growth of 7.9 per cent, down from 8.6 per cent.
Through various permutations and combinations of policy changes, Qiao drew up four likely economic scenarios for China. But their base case is for the country to experience a “bumpy ride”.
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