The latest official economic data released by the Chinese authorities shows that China’s economy has experienced an overall decline. Insiders reveal that senior Chinese officials have recently held at least six emergency economic meetings with business leaders and economists, and the tone of participants was unusually urgent. One political and economic analyst says that China’s…
Beijing Convenes Emergency Economic Meetings, as Analyst Predicts China’s Economy Faces Dead End
Goldman Sachs Cuts China Growth Forecast While Experts Predict Beijing’s Stimulus Measures Will Be Ineffective
June 20, 2023
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Goldman Sachs has become the latest Wall Street bank to cut its growth forecast for China, as the world’s second-largest economy continues to lose momentum with persistently weak confidence. Experts believe the Chinese communist regime’s stimulus measures to remedy this won’t be effective due to macroeconomic issues. Goldman Sachs’s analysts lowered China’s 2023 gross domestic…
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