China economy slows on tightening and seasonal factors

Reuters – The pace of China’s factory output eased last month as gradual policy tightening took a toll on new orders, suggesting to some economists that Beijing will take its time before nudging interest rates higher. But a pair of surveys of manufacturing executives pointed to a loss of momentum, not a sudden stop, in the world’s third-largest economy, which is underpinned by rising incomes and vast infrastructure spending. Read Article