Economists Lower China 2023 GDP Growth Forecast to 5% Amid Property Slump and Weak Stimulus
- Economists lower China's 2023 GDP growth forecast to 5% due to property woes and inadequate stimulus.
- Average forecast cut by 0.5 percentage points from previous quarterly survey.
- 26 of 29 economists revised outlook down.
- Housing market turmoil weighs on growth.
- Weak sentiment continues to drag on Chinese economy.