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China April factory output, investment growth miss forecasts

Reuters  |  BEIJING 

BEIJING (Reuters) - China's factory output and fixed asset investment growth cooled more than expected in April, adding to signs that momentum in the world's second-biggest economy is slowing from a strong start in the first quarter. Factory output rose 6.5 percent in April from a year earlier, while fixed-asset investment grew 8.9 percent in the first four months of the year, both worse than expectations.The soft activity data, combined with weak manufacturing sector growth and slowing producer prices inflation, reinforced analysts' view that China's economic expansion remains solid but is ...

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First Published: Mon, May 15 2017. 09:48 IST