Economic rebound lacks gas
By Li Jiabao, Ding Qingfen in Beijing and Xie Yu in Shanghai | China Daily | Updated: 2012-08-11 07:45
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Data from People's Bank of China shows slump in lending in July
Sharply slowing export growth together with a slump in bank loans and industrial output in July are pointing to a prolonged slowdown for the world's second largest economy.
China's exports increased 1 percent year-on-year in July, the worst growth since 2009, reflecting how the global economic slowdown has weakened demand for Chinese exports, the General Administration of Customs said Friday.
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