Economics
China Factory Data Show Slowdown Risk as Xi Limits Credit
This article is for subscribers only.
A Chinese manufacturing slowdown fueled speculation that President Xi Jinping’s officials will switch focus in coming months from taming credit growth and financial risks to supporting economic expansion.
A factory gauge for February fell to a seven-month low, HSBC Holdings Plc and Markit Economics said yesterday. Barclays Plc said yesterday that the central bank had turned “more supportive” as the overnight loan rate sank to the lowest level in 10 months.