Beijing, July 15 : J.P. Morgan has revised down its estimate on China's 2013 year-on-year economic growth rate from 7.6 percent to 7.4 percent, lower than the government's official target of 7.5 percent.The 2014 gross domestic product (GDP) growth has now been forecast at 7.2 percent year on year, down from the previous forecast of 7.7 percent, said Jing Ulrich, managing director and chairwoman of global markets, China at J.P. Morgan Monday.
Reported by newKerala.com 7 hours ago.
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