China's increased efficiency in manufacturing is likely hurting the labor market.VCGAugust economic data shows China's policy moves haven't acted quickly enough, Goldman Sachs says.The strategists pointed to weak retail sales and potential labor market pressures.They downgraded their 2024 GDP growth forecast from 4.9% to 4.7%. China's economy can't seem to catch a break, and Beijing's policy interventions haven't done much to help.