I posted Goldman Sachs's downward revisions to their forecasts for Chinese GDP growth here
More now, via Bloomberg 9bolding mine):
- 3% depreciation in CNY represents the sharpest weakening in two decades
- That has prompted an acceleration in capital outflows
- Industrial sector is the part of the economy under most pressure, from a weaker export market, restraint in local government infrastructure activity (at least early in the year) and tighter credit conditions
