Citigroup lowers China 2023 GDP forecast to 4.7% from 5.0%

<p>I don't think the market is overly worried about 0.3 pp of Chinese growth.</p><p>What it's worried about is that China isn't dead-set on hitting economic targets anymore and boosting growth. The central bank cut rates today but not as aggressively as assumed. </p><p>The problem for China lately is that it's looking like 0.3 pp needs to be cut from every year.</p>

This article was written by Adam Button at www.forexlive.com.