China Slowdown Spurs Calls for Stimulus Before It’s Too Late
- Production, consumption and investment cool more than expected
- 5% GDP growth impossible without ‘bazooka’ stimulus: economist
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China’s economy lost momentum in August as activity cooled across the board, pointing to mounting risks to achieving the government’s annual growth target.
Measures of factory output, consumption and investment all slowed more than economists had forecast, while the jobless rate unexpectedly rose to a six-month high, official figures showed Saturday.