The growing pile of bearishness on China continues.
Last night, Chinese stocks hit a new 6-month, as concerns rise about growth, debt, acute financial market stress, a property bubble, and everything else.
Today, HSBC has significantly slashed Chinese growth.
The bank’s chief economist Stephen King tweeted the news:
HSBC cuts China growth forecasts to 7.4% in ’13 & ’14 (from 8.2% and 8.4%) as Beijing focuses on supply reforms instead of demand stimulus.
— Stephen King (@KingEconomist) June 19, 2013
Business Insider Emails & Alerts
Site highlights each day to your inbox.