News Summary: Growth slows, pressures leaders

News Summary: Slower economic recovery in China adds to pressure on leaders

Associated Press

UNDER PRESSURE: China's economy posted slower growth in the first-quarter and its shaky recovery is losing steam, adding to pressure on its new leaders to boost growth and launch reforms to support entrepreneurs.

GROWTH STALLS: April factory output and investment fell short of forecasts, while forecasts of an upturn in growth were dashed by the decline in the first three months of the year to growth of 7.7 percent from 7.9 percent the previous quarter.

DETAILS NEEDED: China's leaders have pledged to make the economy more productive but have yet to specify how far they will go in curbing the dominance of state industry and making other reforms.

Rates

View Comments (0)