China’s economy grinds down a gear as heavy industry drags
World BusinessMay 14, 2016
China's economy resumed its grind toward slower growth in April, weighed by overcapacity industries such as steel and coal.Industrial production climbed 6 percent in April from a year earlier, down from 6.8 percent in March and missing economists' estimates for 6.5 percent. Retail sales also missed analyst forecasts, rising 10.1 percent, while fixed-asset investment increased 10.5 percent in the January-April period versus economists' expectation for 11 percent.After a rocky start to 2016 marked