News Snapshot:
Open this photo in gallery: People holding shopping bags walk under a giant screen showing news footage of Chinese President Xi Jinping, in Beijing.TINGSHU WANG/Reuters Morgan Stanley MS-N is the latest among some of the major brokerages to cut China’s economic growth forecast for this year, following a spate of disappointing data from the country and worries over its embattled property sector. The Wall Street bank now sees China’s gross domestic product (GDP) growing 4.7 per cent this year, down from an earlier forecast of 5 per cent, according to a note released on Wednesday. It has also lowered its...
