China slowdown deepens as factory output weakens

China’s industrial output growth weakened in August to its slowest pace in more than three years, official figures showed on Sunday, confirming a deepening slowdown in the world’s second-biggest economy.

Production increased just 8.9 per cent year-on-year last month, the National Bureau of Statistics announced – the lowest result since a similar rise of 8.9 per cent in the depths of the global economic crisis in May 2009.

via Business feed http://www.scmp.com/business/economy/article/1032916/china-slowdown-deepens-factory-output-weakens