China International Capital Corp. (CICC) expects the nation's economic growth to slow to 7.3 percent in 2014 due to multiple downward factors.

The investment bank attributes the "weakened growth momentum" mainly to the restraining effects of economic restructuring and financial risk control on demand.

The figure was lower than the previous 7.6 percent forecast by the investment bank earlier this year.

CICC also cut the economic growth forecast for the first quarter from the previous 7.8 percent to 7.3 percent.

In the short term, it is difficult for macroeconomic policies to strike a balance between readjusting the economy and maintaining growth, leading to persistent downward pressure on the growth of demand, according to its quarterly report.

As GDP growth is no longer its top priority, the government would not adopt full-scale monetary easing policies, said the report. The authorities' determination to rein in financial risk will also dent investment, with the negative effects already emerging, said the report.