That sighing sound you hear from China

… is strategists everywhere cutting their GDP forecasts.

Last week Standard Chartered’s China economist Stephen Green and his team slashed their 2013 forecast to 7.7 per cent from 8.3 per cent. Their 2014 forecast was cut to 7.5 per cent from 8.2 per cent.

Today, BAML’s Ting Lu cut to 7.6 for both 2013 and 2014, from 8 per cent and 7.7 per cent, respectively.

Continue reading: That sighing sound you hear from China Reported by FT.com 7 hours ago.