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China’s economy slips as factory output, investment slow

LiveMint logoLiveMint 14-08-2017 Xiaoqing Pi

Beijing: The pace of China’s economic expansion dialled back a notch, as factory output and investment moderated last month amid the government’s push to tighten financial regulation and reduce leverage.

The economy faces headwinds this year as the effects of deleveraging and industrial capacity cuts kick in. With cooling property markets and uncertainty in the trade outlook, policy makers may refrain from tightening too aggressively to keep growth humming.

“Chinese tech manufacturers are ramping up production,” analysts at Moody’s Corp. wrote in a recent note. “The main downside risk is heavy industry, which may be feeling the effects of the housing slowdown in major cities.” Bloomberg

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