Poor factory and retail signals from China

This picture taken on July 12, 2012 shows a Chinese worker monitoring a thread-making machine at a factory in Jinjiang, southeast China's Fujian province.

Jeremy Hobson: We'll start in China, where two reports this morning signal bad news ahead for the world's second largest economy. Factory output grew at the slowest pace in three years last month, and retail sales fell.

Adolfo Laurenti is deputy chief economist with Mesirow Financial. He's with us live from Chicago.

About the author

Jeremy Hobson is host of Marketplace Morning Report, where he looks at business news from a global perspective to prepare listeners for the day ahead.

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