Goldman Sachs says a risk is that China faces a more persistent, Japan-style, slowdown

Goldman Sachs compares the Chinese economy to the US economy, noting its now revised its US recession forecast down to 15%, from 20%.

More on this here:

• Goldman Sachs have revised the probability of a US recession even lower, to 15% (from 20)

GS also eyeing a stronger USD:

• Goldman Sachs: Risks skewed towards sustained dollar strength

On China though, not so optimistic:

• China faces short- and long-term challenges from its property market and demographic outlook
• While a "sudden stop" remains unlikely, we see risks of a more persistent Japn-style slowdown