S&P has lowered its prediction for China’s gross domestic product in 2023 from 5.5% to 5.2% and anticipates a disparity in the rate of growth.

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S&P Global, the rating agency, has revised its prediction for China’s economic growth in 2023 downwards to a year-on-year rate of 5.2%.

Numerous other adjustments in a downward direction have taken place.

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