Stimulus Package - UBS has maintained the full-year GDP growth forecast at 5.2% for China, but sees more downside risk. The July Politburo meeting should set a more supportive policy stance, but large stimulus package or bailout/swap of local government financing vehicle debt are unlikely this year

11:17pm PDT - July 17th, 2023

UBS has maintained the full-year GDP growth forecast at 5.2% for China, but sees more downside risk. The July Politburo meeting should set a more supportive policy stance, but large stimulus package or bailout/swap of local government financing vehicle debt are unlikely this year

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Mario Cavaggioni (@CavaggioniMario)