The Bank of England thinks China will miss its 7% growth target this year

The Bank of England said it was pretty sceptical about China hitting its 7% growth target this year, in meeting minutes published today.

Whether Chinese policies aimed at stimulating internal demand will actually work is "a key uncertainty," the Bank said. The Bank also said that an "underlying slowdown" in investment and lending might last longer than people think.

China surprised the markets this month, producing official data to show real GDP growth at 7.0% in the second quarter, above...

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