Customers at a food market in Shanghai, China. Bloomberg News Economists are turning more bearish about China’s economy, downgrading their growth forecasts further for 2022 and seeing lingering risks into next year as turmoil in the property market and Covid outbreaks persist. The economy is now projected to grow just 3.5% this year, down from a previous forecast of 3.9%, according to Bloomberg’s latest quarterly survey of economists. Growth projections for the first three quarters of next year were also lowered — by 0.1-0.4 percentage points — although the median for the whole of 2023 remained unchanged at 5.2%. The downgrades suggest economists aren’t convinced Beijing’s recent stimulus measures — which more recently include 1 trillion yuan in funds largely for infrastructure projects, and central bank rate cuts — can help counter the slowdown. Brendan McKenna, an international economist at Wells Fargo & Co., said there’s downside risks to […]