Goldman Cuts China GDP Forecast, Citing Limited Options to Boost Stimulus

News Snapshot:

(Bloomberg) — 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. Most Read from Bloomberg 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. The State Council, however, stopped short of releasing any specific proposals, saying the government is studying new measures that will be adopted...