China 2013 Growth May Slow to 23-Year Low, Honeywell Says

Honeywell International Inc., the U.S. manufacturer selling products such as aerospace parts in China, is forecasting 2013 economic growth in the world’s most-populous country may decelerate to the slowest pace since 1990.

“It wouldn’t be surprising to us if China didn’t break 7 percent GDP growth in 2013,” Honeywell Chief Financial Officer Dave Anderson said in a telephone interview. “Our expectation is that there’s going to be relatively muted growth overall.”