Things Are Getting More Complicated For China

Things Are Getting More Complicated For China

JPMorgan cut its outlook for China, becoming the latest bank to downgrade projections for the world's second-largest economy amid signs of sputtering growth and the spread of the Delta variant. For their part, Goldman sees Chinese GDP growth of 8.3% for the full-year, down from 8.6% previously. JPMorgan's new outlook calls for growth of 8.9% from a prior forecast of 9.1%. The bank warned that Beijing's move to tighten the screws on the private education industry could cost "millions" of jobs. J
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