Economics
China Growth Faces Dual Shocks from Oil Spike and Virus Spread
- Goldman Sachs predicts China will miss growth target
- Producer price inflation remained high at 8.8% in February
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China’s ability to meet its ambitious economic growth target for the year is being questioned by economists just days after it was announced, as the country faces a spike in oil prices, the highest coronavirus spread in years and continuing financial woes for property developers.