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Citi Cuts China's 2012 Growth Outlook to 7.8%

Citi on Monday cut its 2012 China growth forecast to 7.8% from 8.1% previously, saying the move reflects slower domestic growth in the second quarter and a further weakening of conditions in the European Union. Citi said China appears to have stabilized at a low level of growth, noting that second-quarter growth will likely ease to 7.3% from a year earlier. It said China was unlikely to roll out a 2008/2009-style stimulus package unless "the sovereign-debt problem in Europe escalates to a full-blown economic and financial crisis and results in a deep recession in the continent." Write to Chris Oliver at AskNewswires@dowjones.com

Stock News for Citigroup (C)
DateTimeHeadline
02/12/201615:27:45Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/12/201614:43:00Citi Retail Services’ Leslie McNamara Named to PaymentsSource’s 201...
02/12/201611:04:47Form 13f Holdings Report (13f-hr)
02/12/201610:14:24Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/11/201620:10:00Lawmakers Pepper Yellen With Financial Regulation Questions
02/11/201618:24:00J.P. Morgan CEO Buys 500,000 of Bank's Shares -- Update
02/11/201617:11:49Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/11/201616:27:16Statement of Changes in Beneficial Ownership (4)
02/11/201612:57:42Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
02/11/201612:20:54Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/10/201620:40:00Peabody to Draw Down Rest of Revolving Loan
02/10/201617:45:00CORRECTING and REPLACING Citigroup Declares Preferred Dividends
02/10/201613:56:25Klayman & Toskes, P.A. Wins $2.25 Million FINRA Arbitration Award...
02/10/201603:50:00Qihoo 360-Led Consortium Makes $1.2 Billion Offer for Opera
02/09/201612:14:31Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/09/201612:07:47Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/08/201618:53:00Citi Appointed Depositary Bank for BeiGene, Ltd.’s Sponsored A...
02/08/201617:08:23Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/08/201617:07:33Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/08/201613:20:00Total Starts North Sea Gas Project Despite Low Oil Prices

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