China economists trim GDP forecast to 4.8%, highlighting stimulus battle

Deflationary pressure, U.S. election loom as Beijing strains for 'around 5%' growth

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As symbolized by this unfinished residential compound developed by Evergrande Group, China economists point to a dismal property sector as a continued drag on the country's growth prospects. (Nikkei montage/Source photos by Reuters and Yusuke Hinata)

PEGGY YE and KENSAKU IHARA, Nikkei staff writers

HONG KONG -- China economists lowered their forecasts for the nation's 2024 gross domestic product in the latest quarterly survey by Nikkei and Nikkei Quick News, underscoring the pressure facing authorities in the country as they fight to stimulate growth.

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