JPM have downgraded their projections for Q4 GDP in China five times since August.

  • Now expect 4% q/q from previously at 5%.

For the year as a whole. expect 7.8% and for 2022 are forecasting just 4.7%.

Citing:

  • ongoing impact from the power shortages
  • rekindling of coronavirus outbreaks

ps. This from late Friday.