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Goldman Sachs cuts earnings outlook for MSCI China to zero growth

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MSCI China tracks more than 700 China stocks listed globally, including Tencent, BYD and Industrial and Commercial Bank of China.

Goldman Sachs slashed its earnings outlook for the MSCI China stock index to zero growth for the year, down from 4% previously, according to a report published late Thursday.

The property market might take 5 years to recover from oversupply in China's smaller cities, according to Henry Chin, head of research for Asia-Pacific at CBRE.

 

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