Friday, July 1, 2011

China, India, South Korea Show Softening Manufacturing Data

from FT.com:

Chinese manufacturing growth has fallen to its lowest level in more than two years and soft data from India and South Korea have added to the picture of a slowdown in Asia after a battery of government moves to tame inflation.
With price pressures still high, though, economists said policymakers would be able to shift only gingerly from fighting inflation to supporting growth.