China Slowdown Fears Hit Global Markets
From CNN Money:
Concerns about the global economy roiled world financial markets Tuesday after a report on leading indicators in China was revised lower.
The Conference Board, a New York-based research group, said its Leading Economic Index for China rose 0.3% in April after an increase of 1.2% in May. The group originally reported a 1.7% gain in April, but that was revised lower due to a miscalculation.
Bart Van Ark, chief economist at the Conference Board, said he expects economic growth in China to moderate in the second half of 2010, although he still forecasts a robust 9% growth rate for the full year.