China's slowdown deepens in October
Beijing
CHINA's economy lost further momentum in October, with factory growth dipping and investment growth hitting a near 13-year low, testing the government's resolve to avoid stronger stimulus measures.
The soft performance cemented the view that China is on track to grow at its weakest pace in 24 years. But leaders remain reluctant to use full-blown policy easing, such as cutting interest rates.
Fixed-asset investment, an important driver of growth, grew 15.9 per cent in the first 10 months of the year from a year ago…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Japanese AI tool predicts when recruits will quit jobs
India votes in gigantic election dominated by jobs, Hindu pride and Modi
Britain’s retail sales disappoint in sign of lacklustre recovery
Explosions in Iran, US media reports Israeli strikes
US veto sinks Palestinian UN membership bid in Security Council
Pro-China local leader ousted in Solomon Islands election