A major US-based Credit Suisse shareholder exited the bank

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Good morning, Quartz readers! Here’s what you need to know Credit Suisse lost a major shareholder. US-based activist investor Harris Associates began its exit after the Swiss bank raised $4.3 billion in a Saudi-led funding round last year. Advertisement China set its lowest economic growth target in decades. Beijing settled for a roughly 5% rise in GDP while seeking to boost its military spending. Tesla cut the cost of two of its most popular models in the US. Model S and Model X are now 4% to 9% cheaper after investors failed to be impressed by the company’s plans for...