China’s Delayed Stimulus Adds to Worries Over Slowing Economy

China’s slow stimulus rollout is fueling concerns about the weakening economy. The State Council refrained from announcing specific support measures, leading to disappointment in the market. Stimulus is expected to be limited and follow a gradual approach, focusing on fiscal measures, easing property policies, and supporting new growth industries. Several major banks have downgraded their growth forecasts for China. There is a pressing need to spur growth, and local governments are expected to play a role in promoting it.