Wang has been handed a death sentence with a two-year deferral. Following this initial period, the sentence will be commuted to life imprisonment with no possibility of parole.
The updated 2024 projection is well above the central bank's 2% target and will be higher than the 3% forecast in June.
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With 70% of household wealth tied up in the ailing property market, coupled with rising youth unemployment, weak consumption demand and the reluctance by depressed private firms to invest, policymakers have been fighting an uphill job in reviving growth.
The British Chambers of Commerce (BCC) said on Tuesday the economy will record a 0.4 percent growth in 2023.
UBS said it will go ahead with the full integration of the Credit Suisse banking operations in Switzerland.
The tragic incidents come as the caretaker government has failed to come up with any relief measures for the agitating citizens.
Economists conclude that the latest figures show the economy's resilience, given the backdrop of a more than 500 basis point increase in interest rates since March 2022.
Adani Group's strategy is to accumulate enough cash, both from reserves and the cash generated from regular operations in the infrastructure business, so that it can cover any debts that are due in the future.
Evergrande had applied to resume trading in Hong Kong as it would have faced delisting when the suspension breaches 18 months.
Fed policymakers will deliver a crucial update to their economic outlook at a Sept. 19-20 meeting, when they are expected to leave their policy rate unchanged at 5.25% to 5.5%.
The Fed has raised rates by 5.25 percentage points since March 2022, and inflation by the Fed's preferred gauge has moved down to 3.3% from its peak of 7% last summer.
Retail activity in the country has dropped for a fourth straight month in August and the sentiment is at its lowest level since March 2021.
S&P said the factors like the possibility of the Fed maintaining high interest rates for an extended period and the potential decline in deposits of FDIC-insured banks influenced the ratings downgrade.
The Chinese central bank lowered its prime lending rate to 3.45 percent from 3.55 percent on Monday.