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Goldman Sounds the China Alarm and Cuts Metals Outlook

  • Targets cut back amid ‘weakness in many parts of the economy’
  • Beijing to respond to slowdown by boosting support, bank says
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Goldman Sachs Group Inc. chopped back its near-term metals forecasts as China’s economy has “decelerated notably,” while balancing that outlook with a prediction mainland policy makers will respond by stoking expansion in the second half, aiding a revival in copper and aluminum.