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ADB cuts China’s 2020 GDP forecast to 2.3%

In its latest growth outlook, the Asian Development Bank (ADB) on Friday, lowered its 2020 GDP growth forecast for China.

Key quotes

ADB slashes China’s 2020 GDP forecast to 2.3% vs. 5.2% previous estimate.

Sees China much lower this year.

China’s 2021 growth forecast seen unchanged at 7.3%.

Gold snaps two-day recovery, stays above $1,600, as trade sentiment sours

With the fresh challenges to risk-tone weighing on commodities, Gold snaps the previous two-day winning streak while declining to $1,610, down 0.07%,
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China Caixin Services PMI increased to 43 in March from previous 26.5

China Caixin Services PMI increased to 43 in March from previous 26.5
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