According to the National Bureau of Statistics China’s economy grew 7.4% in 2014, in line with market expectations and registering the weakest expansion in 24 years.The reading was slightly below the government target of around 7.5 percent for the year, as authorities are at pains to transform the economy onto a more sustainable track while tackling a housing slowdown, softening domestic demand and weak global recovery. As far as estimations for 2015 are concerned, the IMF Outlook predicts China’s GDP growth to slip to 6.8%
Source: China Radio International
