| Updated:
China cools in second quarter
China’s economic growth slowed in the second quarter to 10.3 per cent from a year earlier, a touch weaker than expected, in response to the fading of government fiscal and monetary stimulus. The reading was slightly below market forecasts of 10.5 per cent growth. Particularly striking was a sharper-than-expected drop in factory growth to 13.7 per cent in the year to June.