Preliminary Survey

preliminary survey: BEIJING - China's factory activity weakened to a nine-month low in June as demand faltered, a preliminary survey showed, heightening the risk of a sharper second quarter slowdown and increasing the heat on the central bank to loosen policy. , according to Reuters. And as the economy shows signs of faltering, a squeeze in Chinese money markets over the past two weeks has sharply tightened monetary conditions, adding to the pressure on the People's Bank of China to take steps to ease policy. By Kevin Yao China's economy grew at its slowest pace for 13 years in 2012 and so far this year data has been weaker than expected, bringing warnings the country could miss its growth target of 7.5 percent for this year, though possibly not by much. (www.immigrantscanada.com). As reported in the news.