First Boston expects China and HK economy to increase 7.5% and 3.3%

Credit Suisse First Boston anticipated that the economy in China and Hong Kong would increase 7.5% and 3.3% this year and increase 9.5% and 4% next year. On the other hand, he expected the Fed Reserve would cut rate by 0.25% in August, which would be the last rate-cut action for this year.

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