China’s economic growth slowed for a second quarter as gains in factory output weakened, and is at risk of weakening further as the government reins in credit expansion to reduce the danger of a financial crisis. Gross domestic product rose 7.5 percent in the April-June period from a year earlier, the National Bureau of Statistics said in Beijing today. That matches the median forecast in a Bloomberg News survey and compares with 7.7 percent in the first three months. June industrial-production growth matched the slowest pace since the global financial crisis excluding holiday distortions, while retail-sales gains ... (full story)