Banks Slash China Growth Forecasts as Data Disappoint

More banks across the globe including JPMorgan Chase & Co. and Japan’s Mizuho Financial Group Inc. are joining the chorus in slashing their growth forecasts for China amid a slew of disappointing economic data. Meanwhile, China has suspended publishing data on its soaring youth unemployment rate, The announcement is fanning investor fears about data transparency in the world’s second-largest economy. John Liu reports on Bloomberg Television. -------- Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: Connect with us on... Twitter: Facebook: Instagram: