Chinese economy cools as key sectors continue to slow

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Manufacturing and services fall as Beijing tries to rein in property and credit boom

China’s economy has shown more signs of cooling with key barometers from its manufacturing and services sectors dipping in April. The latest data comes as Beijing attempts to rein in a booming property market and rapid credit growth.

Two surveys on Sunday suggested activity in the world’s second largest economy eased back in April. Manufacturing slowed more than expected as demand was hit by government moves to curb risks associated with a run of high borrowing in China.

Related: China’s property frenzy and surging debt raises red flag for economy

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Source: china
Link : Chinese economy cools as key sectors continue to slow

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