China’s economic outlook is showing no signs of improvement, with forecasters broadly trimming their expectations for the nation’s recovery, prices and trade.

Economists now see gross domestic product expanding 5.1% in 2023 from the prior year, according to the median estimate in the latest Bloomberg survey. That’s down from an earlier expectation of 5.2% and brings projections closer to the government’s target of about 5% — a number widely seen as conservative when it was set in March.

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Economists Turn Even More Downbeat on China’s Growth Outlook