China Construction Spending Down in Oct.
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China&#39;s spending on construction and factory equipment edged lower in October, but there was no sign of a major cutback despite efforts to curb lending for such investments.
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The sizzling pace of Chinese capital spending barely slowed in November despite curbs on lending, showing why the authorities intend to tighten monetary policy further in 2008.
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New orders at U.S. factories fell 4.7 percent in October, the biggest fall in more than six years and marking the third drop in four months, while inventories rose again suggesting growing slack in the economy, a government report said on Tuesday.
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U.S. construction spending took a surprising fall of 0.4 percent in July, its largest drop since January 2007, as gains in commercial building failed to offset declines in home building, a government report showed on Tuesday.
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Manufacturing expansion slowed in August as a decline in new orders led factory managers to opt for caution, while construction spending unexpectedly fell in July, according to data released on Tuesday.
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China will selectively reduce spending to help trim its ballooning fiscal deficit, state media reported Monday, citing top economic officials.
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WASHINGTON -- The prolonged slump in housing pushed construction of new homes in 2007 down by the largest amount in 27 years with the expectation that the downturn has further to go.
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New orders at U.S. factories fell  4.7 percent in October, the biggest fall in more than six years  and marking the third drop in four months, while inventories  rose again suggesting growing slack in the economy, a  government report said on Tuesday.
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China will spend more on its remote, poor border regions, building roads and new houses, but will also keep up the pressure on separatist groups and their activities, the government said on Friday.
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WASHINGTON, Sept. 4  â Growth in American manufacturing slowed in August while construction spending dropped markedly in July.
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The prolonged slump in housing pushed new home construction in 2007 down by the largest amount in 27 years with the expectation that the downturn has further to go.
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China needs to do more to control spending on construction, factories and other &quot;fixed assets&quot; to curb growth and cool inflation, state media reported Monday, citing top government officials.
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The Chinese Government will trim spending next year in an effort to slow economic growth to a more sustainable pace. Vice Finance Minister Lou Jiwei says China will reduce the
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U.S. manufacturing growth eased in  September to its slowest in more than a year, but home sales  and construction figures suggested a less abrupt decline in the  housing sector than many experts had foreseen.
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U.S. manufacturing contracted in November for the first time in 3-1/2 years, while construction spending fell sharply in October, according to reports on Friday pointing to a slowdown in the U.S. economy.
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China's inflation rate eased sharply in October as government efforts to cool the economy began to really bite, with food prices, one of the main culprits, showing some signs of slowing, official data showed.
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BEIJING China&#39;s government will trim spending next year, increasing efforts to slow economic growth to a more sustainable pace, Deputy Finance Minister Lou Jiwei said.