Economist Sentiment Down - Yicai

Economists in China called for further policies to support the economic recovery, as the Yicai Chief Economist survey index fell in May to 50.27, the third consecutive monthly contraction but still above the 50 mark. Participants said the economy showed signs of a slow recovery, but it suffered from weak demand. The economy was also transitioning from old drivers, such as real estate, towards new growth industries like consumption, high-end manufacturing and new infrastructure. The economists forecasted May CPI to be 0.19% and total retail sales at 12.95%. The majority said the possibility of lowering the deposit and loan rates was relatively small. (Source: Yicai)