Citigroup (C) CEO Jane Fraser, who leads the third-largest U.S. bank, said in a new interview that she expects sluggish short-term growth in the Chinese economy as the country continues to bolster domestic consumption and taper its reliance on exports.
The bank approaches China with “caution” but remains bullish about the country’s role in global economic growth over the longterm, Fraser said.
“I think it’s come off the boil for sure, but I think bubbling away too ferociously isn’t great…
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