Business activities in China cooled further in May, with investment notably slowing and industrial output growth hitting a 17-year low, in further signs that the world's second largest economy is facing increased headwinds and reinforcing expectations for further government stimulus, including monetary easing, in the coming months.
China's fixed-asset investment expanded 5.6 per cent in the first five months compared to a year earlier, down 0.5 percentage points from the January-April period, according to data released by the National Bureau of Statistics on Friday. That's missed market expectation that the gauge would . . .
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