China economy: New signs of economic slowdown

 

Growth in China’s investment and factory output in August has come in below forecasts, in a further indication that the world’s second-largest economy is losing steam.

Factory output grew by 6.1% from the year before – below forecasts of 6.4%.

Growth in fixed-asset investment – largely property – slowed to 10.9% for the year-to-date, a 15-year low.

Growing evidence that the world’s economic powerhouse is slowing down has caused major investment market falls.