EXCELLENT: FANTASTIC: Is (Jewish Superpower) China imploding? Yay! How Bad Are Things in China? Goldman Sachs Just Slashed Its Growth Forecast to Zero – My Comments

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[Sink the Communist Chinese ship. I'm so delighted by this. After the COVID garbage started in 2020, all the Jews and Liberals and assorted liars and scum were saying how WELL China was recovering and how QUICKLY it was recovering … now, a year later, strangely, suddenly, China seems to be imploding. Some extremely weird things are going on there which are unsustainable. Can you believe that the evil Jewish bank Goldman Sachs has actually now said that China will have ZERO GROWTH. For many years now everyone was saying how AWESOME China is doing and how it's going to roll right over America and … it seems China is hitting the wall in a BIG WAY. I was looking into their property implosion that has begun, and it seems possible that things could be going very wrong for China. We need to watch this. This could get very exciting. Don't worry about China invading Taiwan. Chins seems to be busy biting the dust. Very weird things are happening in CHINA. We need to keep a closer eye on them. Then there's the whole bizarre story of the ENERGY CRISIS in China … AND then there's the weird stuff about the ships from China. Then there's the massive Chinese crackdown on crypto and smashing all of it's crypto mining. Why? Very very strange things are happening in China. It's as if someone is pulling the plug. NOTE: They are portraying this as a SHORT TERM thing, but I don't think so. There seem to me to be serious structural factors at work. It also seems to me that the Chinese are very vulnerable to big impacts if their dumb, Jew-driven economy, slows down EVEN SLIGHTLY. So I think there is more to this than just a short term issue. Jan]

Goldman Sachs has become the latest bank to cut its China growth forecast, citing the country’s power crunch, now expecting zero gross domestic product growth in the third quarter.

Production has been halted at a number of factories, including some supplying Apple (ticker: AAPL) and Tesla (TSLA), due to widespread shortages, partly caused by tight coal supply and increased demand post-Covid lockdowns. Strict emissions targets introduced by Beijing, as part of an effort to fight climate change, are also a factor and have led to local authorities curbing energy use to avoid exceeding limits.

Goldman Sachs (GS) lowered its third-quarter GDP growth forecast to 0% quarter-over-quarter, from a previous forecast of 1.3%, while cutting its fourth-quarter forecast to 6% from 8.5%. Year-over-year growth forecasts were cut from 5.1% to 4.8% for the third quarter and 4.1% to 3.2% for the fourth.

The Wall Street bank lowered its full-year 2021 GDP growth forecast to 7.8% from a previous forecast of 8.2%, describing China’s energy constraints as “yet another growth shock.”

“Recent sharp cuts to production in a range of high-energy-intensity industries add to the already significant downside pressures in the growth outlook,” the bank’s analysts, led by Hui Shan, said in a note.

They noted that “considerable uncertainty” remains heading into the fourth quarter, most notably upside and downside risks to the China Evergrande (3333.HK) stresses and the government’s approach to managing it.

The energy crisis is a “new, but tightening” constraint on growth, they said, adding to downward pressures on property sales and construction, Covid restrictions to counter local outbreaks, and Beijing’s wide-ranging regulatory crackdown.

It isn’t the first downgrade. Nomura cut its full-year GDP growth forecast to 7.7% from 8.2% Friday. And the bank’s chief China economist, Ting Lu, said that could be lowered further.

“Beijing’s unprecedented resolve in enforcing energy consumption limits could result in long-term benefits, but the short-term economic costs are substantial,” he said in a note.

China International Capital Corp . (3908.HK) said the shortages would lower the country’s growth rate by 0.1 to 0.15 percentage points in the third and fourth quarters.

If the production cuts persist for the rest of the year, Morgan Stanley analysts see a one percentage-point hit to GDP growth in the fourth quarter.

Source: https://www.barrons.com/articles/where-to-find-the-best-municipal-bonds-now-according-to-pimco-51633594500