China Rate-Cut Expectations Grow as Signs of Weak Recovery Mount

(Bloomberg) — China’s economic recovery showed further signs of weakening in May, clouding the outlook for the rest of the year and fueling calls for more central bank stimulus.

While the majority of economists surveyed by Bloomberg still predict that the People’s Bank of China (PBOC) will keep interest rates unchanged next week, a string of disappointing economic reports has led some analysts to call for stronger action.