UPDATE 3-Slower China spending eases overheating fears

Newswire

(Adds official comment) BEIJING, Nov 18 (Reuters) - Growth in spending on China's roads, power plants and other projects slowed for a fourth straight month in October as government steps to cool red-hot sectors of the economy hit their mark. Fixed asset investment was 22.6 percent higher in October than a year earlier, the State Statistical Bureau said on Tuesday, down from 26.5 percent in September, 30.7 percent in August, 32.3 percent in July and 35.3 percent in June. The falls ...

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