China Showing Weaker Manufacturing and Continued Real Estate Issues

Via the Asahi Shimbun: "Asian shares mostly lower as China reports factory output slowed." The relevant part:

    Shares were mixed in Asia on Monday after China reported its factory output slowed in May, with the property market still deep in the doldrums.

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    Factory output fell 5.6% in China in May, the government reported, below analysts’ forecasts and slowing from 6.7% the month before. Retail sales rose just 4.1% in the first five months of the year.

    Overshadowing those lackluster numbers, property investments fell 10% in May from a year earlier, while home prices in major cities fell 3.2%.

    Property sales plunged 30.5% year-on-year, in further evidence that a raft of measures to try to turn around a slump in the property sector have yet to take hold.