China Faces Slowed Economic Growth Despite Officials' Optimism, Surveys Show
- Forecasts show China's economy slowing long-term, with average 2024 GDP growth forecast at 4.7%
- Growth forecasts still below Beijing's 5% target despite officials promoting a "bright future"
- Sluggish housing market seen as a major drag on growth
- 27 of 31 economists surveyed predict sub-5% growth in 2024
- Lack of policies to stimulate demand also blamed for persistent economic downturn
