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Divergence between official data on the economy and other sources is rising as an issue for business

U-turn on world’s biggest laser sensor maker is embarrassing reversal for the Pentagon

Purchasing managers’ index shows expansion but falls from March as recovery slows

Complaining about US protectionism to the WTO while protecting your own economy is rich indeed

Local officials petition lenders for refinancing on sidelines of annual political gathering in Beijing

Boost for policymakers comes as they struggle to counter slowdown in world’s second-largest economy

Closer ties with Russia bolster Beijing’s efforts to use its currency more in global trade

Also in this newsletter: Trump shooting fallout, Google’s largest ever acquisition, ECB spending concerns

Delegates at annual Communist party meeting spurn iPhones for homegrown handsets

Authorities hope festive season will lift the world’s second-largest economy out of deflation