Wall Street banks raise China's economic growth forecast!

After China's economic data for the second quarter exceeded expectations, at least nine U.S. and international banks have raised their forecasts for China's economic growth this year, although they expect the momentum to weaken in the coming months.

According to Bloomberg, banks such as Morgan Stanley, Goldman Sachs, and Barclays have raised their GDP growth forecast for China this year to nearly 5%, while ANZ expects a growth rate of 5.1%. #CPI数据来袭