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Friday, August 10, 2012

China data signals economy may need urgent policy action


China data signals economy may need urgent policy action

Aug 10, 2012 , 08:42 AM , from yahoo
china data signals economy may need urgent policy action
BEIJING (Reuters) - Chinese data dealt policymakers fresh blows on Friday as trade and new bank lending suggested pro-growth policies have been slow to gain traction and more urgent action may be needed to stabilize the economy. Figures on Friday showing July exports rose just 1 percent from a year ago and that new loans were at a 10-month low added to data on Thursday showing factory output rising at its lowest pace in three years and pricing power fading. ...




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