Slowdown sparks scramble to shore up China growth
World BusinessDec 1, 2011
SHANGHAI (AP) ― Chinese leaders are scrambling to shore up flagging economic growth as exports weaken, abruptly reversing course after they spent two years struggling to cool an overheated expansion and surging inflation.In the latest sign the world’s No. 2 economy is weakening faster than thought, a business index released Thursday showed manufacturing contracted for the first time in nearly three years. A day earlier, Beijing eased credit curbs in a bid to spur business activity.Struggling to