Tuesday 19 January 2016

World News: China's economy grew 6.9% in 2015

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China's economy expanded at its slowest pace in 25 years in 2015 - at 6.9 percent - reigniting worries about the health of the world's second-largest economy.

China's economy grew 6.8 percent in the fourth quarter of 2015.

Economic growth for the quarter was expected to come in at 6.8 percent on-year, down from the third quarter's 6.9 percent, according to a Reuters poll, which also found economists expected full-year growth at 6.9 percent, down from 2014's 7.3 percent.

At the opening ceremony for the Asian Infrastructure Investment Bank on Saturday, Chinese Premier Li Keqiang said that China's economy grew about 7 percent in 2015, with services accounting for half of GDP.

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