Goldman Sachs have taken a knife to their China GDP forecasts: 5.4% for 2023 (6.0% prior)

I posted a couple of these earlier"

• ICYMI - Nomura slashes its forecast for China's 2023 GDP growth to 5.1% from 5.5%
• UBS revised down its China 2023 GDP growth forecast to 5.2%, from 5.7% previously

Goldman Sachs have jumped on board:

• China GDP growth target for 2023 cut to 5.4%, from 6.0%
• 2024 now targeted at 4.5%, from 4.6% previously

Goldman Sachs argue that the stimulus seen is insufficient to fire up a powerful enough impulse for growth.

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Note that there is more stimulus in the pipeline:

• China’s State Council considering various macroeconomic policies to boost demand

But we may not get the announcement for a few more weeks yet. Sizeable fiscal support may have to wait until the Politburo meeting in July is the call from a number of prominent analysts. I'm not so sure, I've seen some info suggesting that substantial fiscal measures could be announced sooner by the State Council.