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Chinese Factory Data Shows Weakest Start in Six Years
China’s industrial output, investment and retail sales growth missed analysts’ estimates in January and February, suggesting more stimulus may be needed to boost the world’s second-largest economy. Factory production rose 6.8 percent in the two-month period from a year earlier, the National Bureau of Statistics said in Beijing Wednesday, compared with the median projection for 7.7 percent in a Bloomberg survey. Retail sales advanced 10.7 percent, while fixed-asset investment increased 13.9 percent. Premier Li Keqiang last week set the nation’s 2015 expansion target at about 7 percent, the slowest in more than ... (full story)
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