(Adds China data, analyst comment, updates prices) MANILA, June 14 (Reuters) - London copper edged down on Thursday, trading near a one-week low, after a slew of Chinese data including industrial output pointed to weaker-than-expected activity last month in the world's No. 2 economy and top copper user. China's industrial output, investment and retail sales all grew less than expected, offsetting upbeat trade data and suggesting further weakness ahead if Beijing sustains its crackdown on factory pollution and local government spending.
Investors are also on edge ahead of Friday's deadline, when Washington is expected to release a list of some $50 billion worth of Chinese goods that will be subject to a 25 percent tariff. The looming deadline "is contributing to a bit of risk-off momentum," said Stephen Innes, head of trading for Asia Pacific at OANDA. "Indeed, the stakes are running high," Innes said in a note. Three-month copper on the London Metal Exchange was down 0.7 percent at $7,207.50 a tonne by 0303 GMT, not far above Wednesday's trough of $7,169, which was the weakest since June 6. In Shanghai, the most-traded August copper contract on the Shanghai Futures Exchange was flat at 53,710 yuan ($8,396) a tonne.
* CHINA ALUMINIUM: China's aluminium production rose 1.5 percent from a year earlier to 2.79 million tonnes in May, government data showed. On a daily basis, the world's top aluminium producer churned out 90,000 tonnes of the metal last month, compared with 92,300 tonnes in April.
* OTHER CHINA METALS: Chinese output of 10 nonferrous metals - including copper, aluminium, lead, zinc and nickel rose 4.3 percent to 4.55 million tonnes from a year ago. U.S.-CHINA: U.S. President Donald Trump will meet with his top trade advisers on Thursday to decide whether to activate threatened tariffs on billions of dollars in Chinese goods.
* FED RATE HIKE: The Federal Reserve raised interest rates on Wednesday and indicated a slightly faster pace of rate increases in the coming months, with two additional hikes expected by the end of this year, compared to one previously.
* CHINA BAN: China will ban new capacity for steel, coke and primary aluminium production in some key areas, including the Beijing-Tianjin-Hebei and Yangtze River Delta regions, the State Council said, the latest effort to improve air quality.
* OTHER METALS: LME aluminium was little changed at $2,273.50 a tonne and zinc dropped 0.7 percent to $3,195. Shanghai nickel jumped 1.9 percent to 116,940 yuan a tonne.
* MARKETS: The dollar slipped back from three-week highs against the yen, quickly erasing gains made after the Federal Reserve took a slightly more hawkish policy tone. Asian shares edged down.
BASE METALS PRICES 0303 GMT Three month LME copper 7207.5 Most active ShFE copper 53710 Three month LME aluminium 2273.5 Most active ShFE aluminium 14695 Three month LME zinc 3195 Most active ShFE zinc 24285 Three month LME lead 2473.5 Most active ShFE lead 20350 Three month LME nickel 15545 Most active ShFE nickel 116940 Three month LME tin 20800 Most active ShFE tin 147720
BASE METALS ARBITRAGE
LME/SHFE COPPER LMESHFCUc3 28.13 LME/SHFE ALUMINIUM LMESHFALc3 -2206.81 LME/SHFE ZINC LMESHFZNc3 59.74 LME/SHFE LEAD LMESHFPBc3 605 LME/SHFE NICKEL LMESHFNIc3 -530.83
($1 = 6.3973 Chinese yuan)
(Reporting by Manolo Serapio Jr. editing by Richard Pullin and Subhranshu Sahu)