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COVID & Supply Matter To Contend With


Holiday Observed


(U1) Holding Onto Gains

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China's GDP growth may slow to 8.0% y/y in Q2 from Q1's 18.3% given the eased base effect, and that the resurgence of the epidemic and rising commodity prices slowed the recovery of consumption and manufacturing investment, reported citing Luo Zhiheng, deputy dean of the research institute of Yuekai Securities. The pressure of stabilizing growth will increase in H2, as supply constraints and rising costs in the supply side, as well as high leverage and weak spending in the demand side both limit economic growth, the newspaper said citing Wang Jun, chief economist of Zhongyuan Bank.