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China's doomsayers are taking a break — for now

Economists are feeling pretty good about China's growth prospects.Morgan Stanley's Robin Xing and Jenny Zheng raised their GDP forecasts to 6.7% from 6.4% for this year, and to 6.4% from 6.2% for 2017, according to their report Monday. In spite of bearish calls from The International Monetary Fund, prominent investors, and even Chinese billionaires, Xing and Zheng think China's "strong fiscal support and better-than-expected external demand" warrants an upgrade.
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