Tuesday, 19 Nov, 2024

Business

China economic growth slowest in 25 years

International Desk |
Update: 2016-01-18 21:41:00
China economic growth slowest in 25 years Photo Courtesy: wsj.com

DHAKA: China’s economy grew by 6.9 percent in 2015, compared with 7.3 percent a year earlier, marking its slowest growth in a quarter of a century.

Annual growth in the world’s second-largest economy was in line with global expectations, reports the BBC.

Beijing, meanwhile, had set an official growth target of “about 7 percent” for 2015.

However, Premier Li Keqiang has said a slower growth rate would be acceptable, as long as enough new jobs were created.

BDST: 0842 HRS, JAN 19, 2016
SR

All rights reserved. Sale, redistribution or reproduction of information/photos/illustrations/video/audio contents on this website in any form without prior permission from banglanews24.com are strictly prohibited and liable to legal action.