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China Slowdown Worsens, Prompting Unexpected Rate Cuts

Societe Generale said its forecast of 2.7% growth this year ``may still prove too optimistic,’’ with July’s trajectory indicating expansion of less than 2% if policymakers ease too little.

China New Construction Starts Sink to Near 10-Year Low
Huawei Says Profit Plunged 52% in First Half on Weak Demand

The AF Big Picture

Indian-Owned Tech Firms See Sharp Growth in UK

Despite a moribund British economy and heavy corporate tax, Indian-owned tech firms are growing in the UK.