Goldman Sachs Spots Ominous Economic Signal Brewing in China, Creating Headwinds for 2025 Growth: Report

Description

The financial giant Goldman Sachs is reportedly issuing a warning after spotting an ominous economic metric in China. A new tracker from Goldman economists indicates wages in China grew by only 3.9% from the second quarter of 2024, the lowest growth in Chinese recorded history, excluding the pandemic years, Bloomberg reports . The Goldman economists also note that the figure is roughly a percentage point less than official Chinese government statistics. “Our wage tracker suggests that sluggish w...