Recent data indicating persistent economic weakness in China has led global banks to reduce their growth forecasts, prompting calls for increased government stimulus. After the economy grew only 4.7% YoY in Q2 2024, analysts from Goldman Sachs and Barclays have adjusted their growth projections for China to 4.9% and 4.8%, respectively, for this year, while JP Morgan lowered their estimate to 4.7% from 5.2%.