* China stocks firm on higher-than-expected borrowing rate cut. * Turkish consumer conf in May edges up from record low. * EM stocks, FX eye weekly gains of 3% and 1% respectively. By Anisha Sircar and Bansari Mayur Kamdar.
* China stocks slip 0.3%-0.8% on weak data. * Rand down 0.4% amid growth concerns, power cuts, gold price decline. * Turkish March current account deficit $5.554 billion; lira slips 0.5% By Anisha Sircar and Bansari Mayur Kamdar.
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