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CHINA DATA: China's GDP may expand by 7.0%, up from a prior forecast of 6.9%,
said China International Capital Corporation (CICC), a state-owned investment
bank. China's new regulations responding to U.S. tax reform prompted the
revision, CICC said. CICC expects property investment growth to accelerate and
investment in infrastructure to be resilient, given growth in land transactions
and additional investment in rental and public housing projects.
Other key forecast:
--CPI: 2.6% from prev. 2.5%
--25bp hike in benchmark deposit and lending rates
--30bp hike in money market rates
--Yuan to strengthen, esp. in 2H, to 6.2 vs. dollar by Dec. 31