Goldman Sachs with the deep cut in their forecast for China’s economic growth next year.
GS was looking for +5.3% in 2023
Up to a projection of 4.5% now.
The Chinese economy faces many headwinds, almost all of which can be attributed to poor priorities and poor policy choices:
- zero lust
- collapse of the real estate sector in the event of a disaster
- launch missiles at Taiwan to distract people
- President Xi’s resolute pursuit of power, seeking an eternal presidency, whatever the cost