On an uptrend: Standard & Poor’s headquarters in New York. The global rating agency said China’s recovery is for real in a report. — AFP
SAN FRANCISCO: The global rating firm S&P Global Ratings has revised up its forecast of China’s growth to 2.1% from 1.2% this year, supported by the strong recovery in the second quarter, according to a report released yesterday.
As more of the service sector in China is restarted, hiring should recover and consumption will pick up.
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