Goldman Sachs slashes China's GDP forecast due to limited stimulus space.
Originally Published 2 years ago — by Financial Times
Goldman Sachs has reduced its economic growth forecasts for China due to the country's regulatory crackdown on tech companies and the property sector. The bank now expects China's GDP growth to be 7.8% in 2021, down from its previous forecast of 8.2%. The cutback is also due to the ongoing impact of Covid-19 and supply chain disruptions.
