China’s Economy Under Pressure as Energy Crisis Deepens

The video discusses the ongoing power crunch affecting manufacturers, leading to production halts and quota-based operations. This situation, combined with rising shipping and raw material costs, is causing manufacturers to turn down orders. Economists are downgrading growth forecasts, with Goldman Sachs predicting zero growth for the third quarter. The electricity shock and real estate crackdown are further impacting the economy. Some producers, like Apple suppliers, are managing to circumvent the electricity issues, but the full impact remains unclear. Inflation concerns are rising, contributing to a bond market sell-off.

What are economists predicting regarding growth forecasts for the year?

In what ways are producers adapting to the electricity supply issues?