00:00It's Benzinga, and here's what's on the block.
00:03Goldman Sachs upgraded its forecast for China's economic growth in 2024 and 2025 following
00:08new government measures to boost the economy.
00:11The upgrade comes after Beijing announced plans for greater public spending and fiscal
00:15support.
00:16Goldman expects the measures to add to growth in 2024, offsetting slowing exports and a
00:20property downturn.
00:22The nation's top economic planning agency plans to pre-approve investment projects for
00:262025.
00:28Goldman warned that China's structural challenges, including aging demographics and global supply
00:32chain shifts, remain a concern for long-term growth.
00:35For all things money, visit Benzinga.com.
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