China’s Delayed Stimulus Adds to Worries Over Slowing Economy
- Goldman is latest to cut China growth forecasts for this year
- State Council says support measures are being discussed
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China’s slow stimulus rollout is adding to concerns about the weakening economy and fueling a debate over how far authorities will go to bolster growth.
Investors were primed for the State Council, China’s cabinet, to possibly announce new support measures for the economy after a meeting on Friday. Market expectations were especially heightened after the central bank’s surprise interest rate cut last week, which economists said signaled a shift to looser policy.