You are here: Home » Reuters » News
Business Standard

China's economy cools as gov't 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 suggested policy makers are making progress in defusing financial risks by weaning China off its years-long addiction to cheap credit, and signalled moderating ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Tue, November 14 2017. 14:05 IST
RECOMMENDED FOR YOU