Worry for China as industrial growth falters

first_imgBeijing: China’s economy showed further signs of weakness last month, with industrial output posting its slowest growth in 17 years, placing further pressure on the government as it tries to steady the ship while battling a trade war with the US. The authorities have for years been attempting to transition the world’s number two economy from a reliance on state investment and exports to a more stable model driven by consumption, with the tariffs stand-off complicating that mission of late. Also Read – Maruti cuts production for 8th straight month in SepRetail sales actually beat expectations, rising 8.6 per cent year-on-year in May, the National Bureau of Statistics (NBS) said on Friday. That compares to an 8.1 per cent increase forecast in a Bloomberg poll of analysts. But the National Bureau of Statistics also said industrial output rose just 5.0 per cent, the slowest increase since 2002, and missing a 5.4 percent analyst forecast. Fixed-asset investment growth also underwhelmed with 5.6 per cent growth. The readings are likely to fan speculation that authorities may launch another round of stimulus. Also Read – Ensure strict implementation on ban of import of e-cigarettes: revenue to CustomsBeijing has rolled out huge tax cuts and other measures this year to try to blunt the impact of a trade war, which has seen the US impose tariffs on hundreds of billions of dollars worth of Chinese goods, causing worries for exporters. China’s exports beat gloomy forecasts to rebound somewhat in May, though imports sank more than expected, according to official data released earlier in the week. But the overall downward trend gives Xi little room to fight back forcefully against the United States, which is using tariffs as leverage to try to force China into opening up its economy. ANZ Research said it expected further gloom ahead and revised down its 2019 estimate for Chinese economic growth. “The economic data coming out of China over the past two months have not lived up to our expectations,” it said in a commentary on Friday. It had adjusted its gross domestic product growth forecast to 6.2 per cent for 2019, from a previous estimate of 6.4 per cent.last_img read more

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Football Ohio States 2017 threeman rotation at corner aiming for same dominance

Ohio State cornerbacks coach Kerry Coombs fires up the team prior to fall camp on Aug. 5. Credit: Colin Hass-Hill | Sports Editor.It’s rare for a team to have a first-round cornerback. It’s close to improbable for a team to have two first-round cornerbacks in the same draft, and it’s even more difficult to replace those lost to the NFL. This is Ohio State’s reality, but the difficulty of the situation seems to be missing.Without Marshon Lattimore and Gareon Conley patrolling the defensive backfield, there should be an adjustment period. But, that doesn’t seem to be the case with junior cornerbacks Denzel Ward, redshirt sophomore Damon Arnette and redshirt sophomore Kendall Sheffield — the cornerbacks tasked with shadowing receivers for the defense in 2017.Ward was the third man in the rotation last season for Ohio State, behind first-rounders Lattimore and Conley, who are now with the New Orleans Saints and Oakland Raiders, respectively. With those two gone, Ward will inherit the top corner spot and attempt to extend the line of succession of Ohio State cornerbacks to the NFL.Unlike most No. 3 corners on college rosters, Ward has ample experience after just one season in cornerbacks coach and assistant defensive coordinator Kerry Coombs’ rotation, having played the same number of snaps as Lattimore and Conley. Ward was also tied for the team lead in pass breakups (nine) with Lattimore.“You would never take two first-rounders off the field if the guy coming off the bench wasn’t just as good,” Coombs said Wednesday. “To me, that’s what we do.”As the rotation stands right now, Coombs and Arnette both said that Ward and Arnette are practicing with the starters and Arnette slides inside to the nickel in three-receiver sets while Sheffield handles the other outside corner position opposite Ward.Arnette filled the nickel corner spot for much of last year, struggling at times but showcasing his speed and potential to be a future starter on other occasions. Ward has risen as the leader of the unit, but Arnette, who admitted to being nervous in game situations last year and wanting to play like Lattimore and Conley rather than playing his game, is on the road toward maturing as a corner at Ohio State.“Damon’s always had really good physical skills and he’s always been a little bit lacking from the maturity standpoint and that’s just a grown man conversation that we’ve had over and over and over again,” Coombs said. “He’ll still make some of those mistakes that come from momentary lack of focus. But I’m telling you right now, he’s a football player. And he’s a Buck. You’re going to go get in a fight, you’re going to take Damon with you.”Sheffield arrived at Ohio State for spring practice, transferring from Blinn College in Brenham, Texas. The former five-star recruit who spent a season at Alabama as a redshirt has been mentioned as one of the fastest on the team, along with Ward, and might possibly be the final fixture in another dominant unit.“Have you seen (Sheffield)? He looks like an action figure,” Arnette said. “He’s fast, he’s athletic, he’s a great corner. He’s just exactly what we need for that rotation.”Ohio State’s 2016 secondary finished the season as one of the best units in the country, which had much to do with Lattimore and Conley who combined for eight of the team’s 21 interceptions. Lattimore had one of the Buckeyes’ NCAA-leading seven defensive touchdowns. Yet, similar questions regarding the relatively unproven cornerbacks existed at this time last year.Is Ward ready to take the jump to No. 1 corner? Can Arnette become a consistent player and stay healthy at the No. 2? Does Ohio State have the right player to fill in at corner when one of the top two need a breather?From what Ward, Arnette and Coombs all said, they would check the box that says ‘yes.’“I’m definitely excited about this rotation,” Ward said. “Kendall is also fast, Damon is also fast. Damon, he is a physical player and I am very excited about us just getting out there and getting ready to go play.” read more

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