News Snapshot:
Financial news analysis China’s ambitious economic growth target for the year is already being questioned by analysts just days after being announced as the country faces a spike in oil prices, continuous new COVID-19 outbreaks and lockdowns, and a growing financial crisis in its real estate and home development sectors. Economists at Goldman Sachs predict that the world’s second-largest economy will grow only by 4.5 percent this year — a full percentage point below the gross domestic product target of about 5.5 percent it set last week. Beijing will need to accelerate policy easing to keep growth from sliding further,...
