UPDATE 2-China investment slows, but rate fears remain

Newswire

(Adds details, analyst comment) BEIJING, May 18 (Reuters) - Chinese spending on the likes of roads and power plants slowed in the year through April as government measures to cool the potentially overheating economy began to bite. However, analysts said while the slower investment growth rate was positive, it did not erase fears China may have to raise interest rates for the first time in nine years to slow the economy. "It's still too high relative to what we think is sustainable and ...

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