Industrial output slows again

Industrial output continued to slow in November, according to government data showing growth 0.9% below October's figure. China's industrial output in for November grew 14.8% year-on-year to US$61.3bn. Zhang Xueying, a senior economist with the State Information Centre, told state media the decline was largely the result of the government's macro-control measures designed to cool economic growth. Growth in China's industrial output has been slowing steadily since February when it peaked at 23.2%.