WorldWatch warns...China's economic growth continued to ease in July,signaling that the world's third-largest economy may need to loosen it's policies to avoid a crash landing.
Chinese industrial production in July rose 13.4% from a year ago, but the growth rate declined for fifth straight month, according to data released wednesday by China's government.
The slowdown in activity is linked to the government's campaigning to end property market speculation, the Chinese government is trying to introduce price caps without hindering the construction industry, a key driver of growth and employment. But this will lower industrial output rates .
The latest data suggests that manufacturing firms that supply materials like copper and steel that goes into building construction informed that work will tail off sharply toward the end of the year.
Retail sales in China also weakened in July, the government said. Sales rose 17.9% from a year ago, but that's down from 18.2% annual growth reached during the first half of the year.
SO A POSSIBLE CHINA CRASH COULD BE AROUND THE BEND..
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