China Near Recession Amid Rate-Cut ‘Panic,’ Asianomics Says

China Near Recession Amid Rate-Cut ‘Panic,’ Asianomics Says

Nelson Ching/Bloomberg

Security guards sit near residential housing in Miyun County, Beijing, China. China’s rate cut may signal that the world's second-biggest economy is weaker than the government anticipated, with reports on inflation, investment and output in May due to be released tomorrow.