UBS has raised its forecast for economic growth in China this year to 4.6%, from 4.4%

UBS Investment Bank has raised its forecast for economic growth in China this year to 4.6%, from 4.4% previously.UBS says it expects China's property market to stabilise in the coming months, which will help support household confidence:"That should support continued post-Covid consumption recovery along with the economy and labor market, though at a slower pace"---Earlier today:China's stock market rout continues - Shanghai Composite hits a four lowBY almost every measure Chines stocks are cheap, really cheap.But, this guy: This article was written by Eamonn Sheridan at www.forexlive.com.