Dec 11, 2014

Pressure on Chinese central bank grows as economy slows | TODAYonline

BEIJING — China’s economy lost further momentum last month, as factory output, retail sales and investment growth slowed, testing the central bank’s resolve to avoid stronger stimulus measures such as cutting interest rates. “All three activity indicators weakened moderately, suggesting the downward trend in gross domestic product growth has not been arrested yet. I would expect growth to be...

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