News Summary: China, India data sign growth slower

AP News
Posted: May 11, 2012 1:58 PM

PROBLEMS IN ASIA: Dismal data from China and India may signal a further weakening of the global recovery, undermining hopes the dynamic emerging economies of Asia can help prop up growth.

DETAILS: Chinese industrial production growth has slowed, as have retail sales and investment. India's industrial output has fallen.

STIMULUS FADEOUT: The anemic indicators suggest Asia's ability to counter slowing growth in Europe may be limited. It also shows that the brief burst of vitality partly fueled by European stimulus late last year is likely wearing off.