Investment banks lift China growth outlook after surprise trade deal with U.S.

From cnbc.com

Financial institutions are rethinking their China calls after a surprise trade truce between Washington and Beijing, raising both the country's growth forecasts as well as stock market outlooks. On Monday, the U.S. and China reached an agreement to temporarily halt the majority of tariffs on each other's products for 90 days. Under the deal, mutual tariffs will be reduced from 125% to just 10%. This marks a significant easing of tensions between the two countries after the tit-for-tat that ensued following U.S. President Donald Trump's "reciprocal" tariffs on April 2, which had led to a swath of banks lowering ... (full story)