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Nomura cuts China 2021 growth forecast to 7.7% from 8.2%

Business & Finance

1 Min Read

FILE PHOTO: A woman uses a mobile phone inside a cafe as a crane next to buildings is reflected on a glass window, in Tianjin, China September 7, 2021. REUTERS/Tingshu Wang

BEIJING (Reuters) - Analysts at Nomura cut their forecast for China’s annual gross domestic product (GDP) growth in 2021 to 7.7% from 8.2% on Friday, citing the impact of factories pausing operations amid power outages and environmental policies.

“Over recent weeks, a surging number of factories across China have been forced

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