Banks Slash China Growth Forecasts as Data Disappoint
August 15, 2023
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3:06Now PlayingBanks Slash China Growth Forecasts as Data Disappoint
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as posted by the channelMore banks across the globe including JPMorgan Chase & Co. and Japan's Mizuho Financial Group Inc. are joining the chorus in slashing their growth forecasts for China amid a slew of disappointing economic data. Meanwhile, China has suspended publishing data on its soaring youth unemployment rate, The announcement is fanning investor fears about data transparency in the world’s second-largest economy. John Liu reports on Bloomberg Television.
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