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Bank of America Cuts China’s Growth Forecasts Up to 2023

Pedestrians cross a traffic intersection near commercial buildings in Beijing, China.

Pedestrians cross a traffic intersection near commercial buildings in Beijing, China.

Photographer: Qilai Shen/Bloomberg

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China’s economy will now grow at a slower-than-expected pace in the years through 2023 on delayed policy easing, according to economists at Bank of America Corp.