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Fitch cuts China 2021 GDP forecast to +8.1% vs +8.4% on property slowdown - Metro US

Fitch cuts China 2021 GDP forecast to +8.1% vs +8.4% on property slowdown

FILE PHOTO: People visit main shopping area in Shanghai

(Corrects date of forecast cut announcement. The announcement was not previously reported by Reuters.)

BEIJING (Reuters) – Fitch Ratings said on Sept. 16 that it had cut its 2021 economic growth forecast for China to 8.1% from 8.4%, citing the impact of the slowdown in the country’s property sector on domestic demand.

(Reporting by Ryan Woo; Editing by Sam Holmes)

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