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China’s economic growth may slow further, data show

September data suggest China’s economic growth may well slow further, the Conference Board said late Thursday, citing its Leading Economic Index.

The index rose 0.9% in September, after a 0.7% gain in August, but a 1.3% rise in July, the association said.

“The six-month growth rate of the Leading Economic Index has eased steadily throughout the third quarter, indicating increased downside risks to economic growth in the months ahead,” Conference Board China Center resident economist Andrew Polk said.

“While activity in the property sector stabilized a bit, sharp weakening in demand for both bank credit and real estate point to sluggish private investment in the last quarter of 2014. Recent developments, therefore, confirm our long-term view of a soft fall of the economy,” Polk said.

http://www.marketwatch.com/