The Traderszone Network

Published in TZ Latest News 12 September, 2014 by The TZ Newswire Staff

China August factory growth slows to near six-year low, more stimulus expected

China’s factory output grew at the lowest pace in nearly six years in August while growth in other key sectors also cooled, raising fears the world’s second-largest economy may be at risk of a sharp slowdown unless Beijing takes fresh stimulus measures. The output data, combined with weaker readings in retail sales, investment and imports, pointed to a further loss of momentum as the rapidly cooling housing market increasingly drags on activity in other sectors from cement to steel and saps consumer confidence.

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