After analyzing the 1st quarter data release, Johanna Chua and research team at Citi believe China’s real underlying GDP growth could be as low as 6%. The Analysts note the major source of China’s downward pressures continues to be investment, and while infrastructure investment growth is the only subcomponent holding up well, significant local government constraints post a challenge to sustaining this. The analysts express concern that even China’s consumption is slowing alongside weak PMI employment surveys across both manufacturing and services. Full article: (VIEW LINK)