Economics
China Output Growth Slows as Leadership Handover Looms
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China’s industrial output grew at the slowest pace in three years and President Hu Jintao said the economy faces “notable downward pressure,” signaling more stimulus may follow approvals for subway and road projects.
Production increased 8.9 percent in August from a year earlier and fixed-asset investment growth in the first eight months eased to 20.2 percent, the National Bureau of Statistics said yesterday in Beijing. Inflation accelerated for the first time in five months.