J. P Morgan raises China’s 2018 GDP to 6.7% on global demand

Bloomberg is out with the latest note from the J.P Morgan analysts, citing that the US bank has made an upward revision to China’s 2018 economic growth forecasts.

Key Points:

2018 forecast raised to 6.7% from 6.5%.

bank citing improving global demand.

"While the domestic policy outlook going into 2018 has been broadly tracking our expectations, the global growth outlook has turned more upbeat lately".

"While an all-out trade war is unlikely, we think the risk of miscalculation by either side resulting in an escalatory and broadened trade dispute is significant".