China Slowdown Deepens

From bloomberg.com

China’s industrial-output, investment and retail-sales growth unexpectedly slowed, suggesting the government’s efforts to counter an economic slowdown have yet to gain traction. Factory production rose 8.7 percent in April from a year earlier, the National Bureau of Statistics said today in Beijing, compared with the 8.9 percent median estimate of analysts surveyed by Bloomberg News. Fixed-asset investment increased 17.3 percent in the first four months of the year, and retail sales advanced 11.9 percent in April. The figures signal risks are increasing that China will miss the year’s expansion goal of about ... (full story)