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Dismal data from China, India, signal slowing growth for emerging economies
SHANGHAI (AP) ' Dismal data from China and India signal a weakening of the global recovery, undermining hopes for the dynamic emerging economies of Asia to help prop up growth.
China reported Friday that industrial production rose 9.3 percent from a year earlier in April, well below expectations and down from nearly 12 percent the month before. Investment and retail sales also slowed, though easing inflation offers leeway for fresh moves to boost growth.
India's industrial output fell 3.5 percent in March from a year earlier on weak manufacturing and investment. Output for the fiscal year ending in March rose 2.8 percent, down from 8.2 percent the year before.
The anemic indicators suggest Asia's ability to counter slowing growth in Europe may be limited.