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Morgan Stanley cut GDP forecast for China on 2016 and 2017. Published data on China's GDP last week, industrial production, retail sales and credit growth have influenced the decision of Morgan Stanley to revise its forecast for China's GDP. Thus, according to new forecasts in 2016 GDP will grow by 6.4%, although previously the bank had forecast +6.5%.
For 2017 Morgan Stanley expect GDP growth at 6.2%, lower than the previous forecast of 6.4%.
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