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Goldman Sachs Cuts China's Growth Forecast To 7.8% Amid Power Shortages

Chinese President Xi Jinpingsaid the country was aiming to achieve peak carbon emissions by 2030
Chinese President Xi Jinpingsaid the country was aiming to achieve peak carbon emissions by 2030
Goldman Sachs has cut China's growth forecast to 7.8 per cent this year from the previously estimated 8.2 per cent as the world's second largest economy faces "yet another growth shock" in the form of constraints on energy consumption. The country is already battling to save Evergrande amid fears that Chinese property behemoth could turn out into a 'Lehman moment' for the global markets and economy.
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