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More on Goldman Sachs raising China GDP forecast - BBG

More headlines crossing the wires, via Reuters, from Goldman Sachs’ analysts on the Chinese GDP forecast for 2017.

Key Points:

Q1 GDP forecast revised higher to 6.3% q/q (prior they were at 5.5%)

Q2 6.7% (previous 7%)

Key Reasons:

Rebound in spending "quicker and much larger than" it had anticipated

Global growth also surprised to the upside

 

GBP/USD pauses sell-off, clings to 1.2150 ahead of UK IP

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PBOC’s Zhou: Yuan fx rate should be relatively stable in 2017

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