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China's economy cools as government curbs hit factories, property and retailers

Reuters  |  BEIJING 

BEIJING (Reuters) - China's economy cooled further last month, with industrial output, fixed asset investment and retail sales missing expectations as the government extended a crackdown on debt risks and factory pollution.Beijing is already in the second year of a campaign to reduce high levels of debt as authorities worry that riskier lending practices, especially in the real estate sector, could imperil the economy. Data on Tuesday pointed to moderating growth over the next few quarters as credit expansion slows, with year-on-year industrial output gain of 6.2 percent in October missing ...

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First Published: Tue, November 14 2017. 10:33 IST