Goldman chats to local Chinese investors. They are not happy, Xi.
I pretty much share their view. This is a very easy growth target to hit thanks to weak base effects. Consumption of services is the driver and it will add little to net global demand.
After the stronger than-expected Q1 GDP print, we talked with our local clients in Beijing and summarize their latest views on the economy and policies. These clients range from asset managers in insurance companies and mutual funds, to private equity funds.
