Japan's July factory output seen rising at slower pace on weak demand

TOKYO(Reuters) - Japan's factory output is expected to have risen at a much slower pace in July on weakening demand from overseas, a Reuters poll showed, adding to concerns of a labored economic recovery from a second quarter slump.

China says effectively turning the corner on the economy

BEIJING (Reuters) - China announced on Saturday that it is effectively turning the corner on the economy and likely to meet its growth target for the year, more good news for Communist Party policy makers meeting in Beijing to anoint new leaders for the next decade.