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Recent Articles

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Goldman Sachs expects China's real GDP growth to rise to 4.5% in 2023 from estimated 3% in 2022, assuming China will end its COVID policy in H2 2023, with higher consumption expected to contribute to two-thirds of full-year GDP growth target

Michael Kors owner Capri cuts sales and profit forecasts for the holiday period; company blames slow demand recovery in China due to 'zero-COVID' policy that caused its revenue in the country to fall in 'high teens' percentage

GlobalData forecasts China's economic growth to slow to 3.1% in 2022 from 8.1% in 2021, says zero-COVID policy will continue to affect supply chain, business activities; more lockdowns in winter to result in disappointing economic growth if policy remains

Goldman Sachs warns China's zero-COVID policy could be extended for several more months in scenario that would increase fears of global recession; China expected to reopen in Q2 2023, and full reopening could drive 20% upside for Chinese equities

Analysts on crude oil price outlook: Morgan Stanley cuts outlook by US$12 to US$98/barrel in Q3, and by US$5 to US$95/barrel in Q4 due to inflation; UBS cuts year-end forecast by US$15 to US$110/barrel on China's lockdowns, still-elevated Russian exports

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