China- revised the outlook for China’s real GDP growth during 2H10, to around 8.2%-8.5% q/q

China growth outlook trimmed - we have moderately revised the outlook for China’s real GDP growth during 2H10, to around 8.2%-8.5% q/q, saar rate (previous forecast: 9.0-9.3% q/q, saar), slowing from the double-digit pace seen in recent quarters. Our forecast for 2010 full-year GDP growth has been fine-tuned to 10.0%oya (previous forecast: 10.8%). On the inflation front, we have revised the forecast for 2010 average CPI inflation rate to 2.8%oya (previous forecast: 3.2%).