Active Stocks
Fri Apr 19 2024 15:56:00
  1. Tata Steel share price
  2. 162.10 1.31%
  1. Tata Motors share price
  2. 963.20 -0.84%
  1. NTPC share price
  2. 350.90 -0.14%
  1. ITC share price
  2. 424.80 1.40%
  1. Power Grid Corporation Of India share price
  2. 281.70 0.54%
Business News/ News / World/  China’s economy slips as factory output, investment slow
BackBack

China’s economy slips as factory output, investment slow

The pace of China's economic expansion slumped, as factory output and investment moderated last month amid the government's push to tighten financial regulation

China’s economy faces headwinds this year as the effects of deleveraging and industrial capacity cuts kick in. Photo: BloombergPremium
China’s economy faces headwinds this year as the effects of deleveraging and industrial capacity cuts kick in. Photo: Bloomberg

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

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 14 Aug 2017, 08:57 AM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App