Tuesday, January 19, 2016

China's economic growth now at lowest level in 25 years | Irish Examiner

China's economic growth now at lowest level in 25 years | Irish Examiner: "China's economic growth edged down to 6.8% in the final quarter of 2015 as trade and consumer spending weakened, dragging full-year growth to its lowest in 25 years.

Growth has fallen steadily over the past five years as the ruling Communist Party tries to steer away from a worn-out model based on investment and trade toward self-sustaining growth driven by domestic consumption and services.

But the unexpectedly sharp decline over the past two years prompted fears of a politically dangerous spike in job losses."



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