Business World

Saturday 21 October 2017

Fresh data adds to evidence of slowing growth in China

CHINA's growth could slow further after new data showed subdued activity right across the economy in May in the face of sustained global weakness.

Evidence has mounted in recent weeks that China's economy is losing growth momentum, with sluggish domestic demand failing to make up for lethargic export sales.

A raft of figures over the weekend added to that evidence, with exports in May posting the lowest growth in almost a year, inflation, growth in bank lending and investment below expectations and factory output and retail sales growing at the same pace as in previous months.

Irish Independent

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