News Snapshot:
China's President Xi Jinping attends a welcoming ceremony for Italian President Sergio Mattarella (not in picture) at the Great Hall of the People in Beijing, China February 22, 2017. REUTERS/Jason Lee EPRF Global said redemptions from Chinese equity funds surged to an 18-week high. Meanwhile, S&P Global cut its 2023 growth forecast on China's economy to 5.2% from 5.5%. The ratings agency also lowered its 2024 growth view to 4.7% from 5%. Investors are bailing on China as the world's second-largest economy continues to show signs of weakening. According to EPFR Global, redemptions from Chinese equity funds surged to an...
