Morning Bid: China to cut rates, but by how much?

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Morning Bid: China to cut rates, but by how much?
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A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.

have cut their 2023 GDP growth forecasts for China to a 5.1% to 5.7% range from an earlier range of 5.5% to 6.3%.

Paramilitary police officers stand guard in front of the headquarters of the People's Bank of China, the central bank , in Beijing, China September 30, 2022. REUTERS/Tingshu Wang/File Photo The two countries agreed to stabilize their rivalry so it doesn't veer into conflict, hailed "progress" and stressed the importance of a more stable relationship. But they appeared entrenched in their positions over everything from Taiwan to trade, including U.S. actions toward China's chip industry, human rights and Russia's war against Ukraine.

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