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World Bank cuts China growth forecast as COVID-19, real-estate crunch take toll

Por: Fox Business Business September 27, 2022

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'Varney & Co.' analyzes the declining stock market after weaker than expected growth data out of China. The World Bank said it expects to grow faster than China this year for the first time since 1990, as the world’s second-largest economy struggles with a real-estate crunch and the government’s zero-tolerance approach to COVID-19. The Washington, D.C.-based lender cut its forecast for Chinese growth this year but said it expects... + full article



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