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China

Banks upgrade China growth forecast, foreigners flock to Shenzhen: SCMP daily highlights

From investment banks upgrading their growth forecasts to a rise in overseas visitors in Shenzhen, here’s a round-up from today’s coverage

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Containers at the port in Lianyungang in China’s  eastern Jiangsu province on May 1. Photo: AFP
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Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing.

1. Goldman Sachs, UBS raise China economic growth forecasts after US trade truce

With tariff reductions signalling a de-escalation of trade tensions between China and the United States, investment banks are upgrading their economic growth forecasts for both countries.

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