China Tightening Pressure Eases as Growth Recovery Slows

China may hold off tightening monetary policy after growth in services and manufacturing weakened, underscoring challenges for the nation’s leaders as they open the annual session of parliament tomorrow.

Expansion in industries including retailing, transportation and banking was the slowest in five months in February, an official survey of purchasing managers showed yesterday. Gauges released March 1 pointed to manufacturing growth cooling.