HONG KONG -- Hopes for a "bazooka-style" stimulus in China have faded in advance of a much-anticipated meeting of the Communist Party's Politburo, prompting economists to lower their growth forecasts for Asia's largest economy.
At least five global banks slashed their full-year China GDP forecasts last week as Chinese growth fell short of expectations and investors grew pessimistic about the possibility of a major policy response at the Politburo meeting, which was expected to be held this month.
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