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Here's how much 10 big banks have cut their China growth forecasts
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cnbc.comBEIJING — Ahead of China's quarterly growth numbers due out on Monday, most major investment banks have trimmed their economic predictions for the year and warned that abrupt power cuts and a property market slump may drag down growth.
CNBC tracked estimates for China's full-year GDP from 13 major banks, 10 of which have cut their forecasts since August. The median prediction is growth of 8.2% this year, following the latest cuts. That's down 0.3 percentage points from the prior median forecast.
Of the firms CNBC tracked, Japanese investment bank Nomura has the lowest full-year forecast for China at 7.7%. Southeast Asia's largest bank, DBS, has the highest at 8.8%.
Here are banks' forecasts for the full year:
August
September
October
Negati
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