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GLNCY - Wall Street Breakfast: China Slashes GDP Growth Target
Glencore PLC ADR
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At the opening of China's National People’s Congress, Premier Li Keqiang said the nation must be prepared for a "tough struggle" as it faces a "grave and more complicated environment." On that note, he cut the country's economic growth target this year to 6.0%-6.5%, lower than the GDP growth of 6.6% in 2018, the slowest pace since 1990. The Shanghai Composite still climbed 0.9%,