Chinese Economy Grew 6.9% in 2015


China reported its lowest annual economic growth figures in 25 years Tuesday as the world’s second-largest economy slows on the back of decreased global and domestic demand. 

The Communist-led country saw its economy expand 6.8% percent in the fourth quarter and 6.9% in 2015 overall, the National Bureau of Statistics reported Tuesday.

The annual figure was in line with government and analyst expectations but it is lower than all years going back to 1990.

China’s markets, which have been highly volatile of late, traded flat on Tuesday.

Source: USA Today | Hannah Gardner