Bank of America (BofA) cut its China growth forecast on Tuesday in response to intensifying troubles at property giant Evergrande, a fresh COVID-19 outbreak, and a widespread regulatory squeeze, going beyond warnings issued by other investment banks. While BofA trimmed its real gross domestic product (GDP) growth forecast for China for this year to 8.0 percent from 8.3 percent, it reserved its biggest cut for 2022 to 5.3 percent from 6.2 percent. It also trimmed its 2023 outlook to 5.8 percent from 6.0 percent. BofA’s cuts come as economic headwinds have been growing for China’s economy and reflect growing concern that Evergrande’s troubles could have a wide impact. Recent weak data including retail sales and factory output also pointed towards a downturn in the country’s economy due to supply chain bottlenecks and COVID-19. Standard Chartered and ING said last week they considered inadequate policy support as a major downside risk …