News Snapshot:
SHANGHAI - China’s economic recovery is being weighed down by a worsening property slump, with latest data likely to show little sign of a rebound in growth. Official figures due on Tuesday are expected to show only moderate increases in industrial output, retail sales and fixed-assets investment. Property investment likely continued to shrink, with fears of a debt crisis at a major developer and a further contraction in housing sales holding back a rebound in the sector. Large swathes of the country were also hit by heavy rains and deadly floods, hindering construction activity last month. The weak data will...
