China’s economy slumped in May suggesting the government’s efforts to rein in debt were starting to take effect. Photo: Xinhua

China’s economy cools in May as Beijing’s efforts to reduce debt levels start to bite

Fixed-asset investment in first five months grows at slowest rate since records began in 1998; monthly retail sales growth slowest in 15 years

Topic |   China economy

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China’s economy slumped in May suggesting the government’s efforts to rein in debt were starting to take effect. Photo: Xinhua
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