J.P.Morgan trimmed China's growth forecast for 2023 after the country's economy grew at a weaker pace in the second quarter with the post-COVID momentum faltering rapidly.

Economists led by Haibin Zhu said on Monday they now expect China's economy to grow 5% this year against an earlier estimate of 5.5%.

(Reporting by Aniruddha Ghosh in Bengaluru)