“What we’re watching is the fiscal coverage response. And to the extent to which that has not been coming by way of, we had to usher in the expansion numbers decrease.” Chetan Ahya, chief Asia economist at Morgan Stanley, explains why the financial institution now sees China’s gross home product increasing 4.7% this yr, down from an earlier projection of 5%. Morgan Stanley additionally lowered subsequent yr’s forecast to 4.2% from 4.5%. Ahya speaks with Yvonne Man and David Ingles on “Bloomberg Markets: Asia.”
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