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China Growth at 25-Year Low

China Growth at 25-Year LowChina Growth at 25-Year Low

Economists believe China’s growth last year was the lowest in a quarter of a century, according to an AFP survey which projected a further slowdown in the world’s second largest economy this year. Official gross domestic product statistics for last year will be announced on Tuesday. The median prediction in the poll of 18 economists put expansion at 6.9%–down from 7.3% for 2014. The figure would be the weakest growth in the country since the 3.8% of 1990, a year after the Tiananmen crackdown. Growth will slow further this year, the survey forecast, with the median projection coming in at 6.7%.

Financialtribune.com