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China factory output slows

China

There are further indications that China's powerhouse economy is struggling to maintain its momentum, with the latest figures showing that industrial output grew by 6.8% in the first two months of the year, the country's weakest performance since 2008. An increase in shop sales of 10.7% was also the lowest in a decade, and fell short of expectations of an 11.7% rise. China last week cut its growth forecast for 2015 to 7%, around half its peak of expansion.

 

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