BEIJING — Chinese manufacturing growth slowed in April, a survey showed Sunday, suggesting that the government's monetary tightening efforts had weighed on the economy more heavily than expected.
July 11 , 2012Sony Kapoor (@SonyKapoor) #Fiscal tightening efforts announced by #Spain 2 day will shrink #GDP increase unemployment & increase size of #bank losses massively!
Growth in China's industrial output slowed to an annualized 16.7percentt in July, from 19.5percentt in June, government data shows, as government tightening efforts kicked in.
(Reuters) - China's manufacturing growth slowed in April, a survey showed on Sunday, suggesting that the government's tightening efforts have weighed on the world's second-largest economy more heavily than expected.
These measures have slowed the economy, but at a gradual pace that leaves room for more tightening efforts by Beijing in coming months, some analysts say.
The strong growth figures already follow previous tightening efforts by Beijing.
At the same time, analysts see little risk of a credit-tightening effort, given that inflation was below the full-year target.
Eager to bolster his fiscal credibility, France's president, François Hollande, has already pledged a belt-tightening effort unprecedented in modern France in order to reach the deficit target.
This would be the third belt-tightening effort since he took office two years ago; the last round of budget cuts were delayed by opposition foot-dragging, and if this pattern were repeated, a deal with the IMF would be similarly delayed.
The latest F.B.I. warning of possible new terrorist attacks has prompted police departments around the country to consider further tightening security efforts that many say were already quite strict following the Sept. 11 attacks.
