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    T20 Mumbai League: Shreyas Iyer-led Mumbai Falcons, Eagle Thane Strikers reach semis

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    UTT Season 6: Rising star Yashaswini topples China’s Fan Siqi as U Mumba beat Chennai Lions

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    VPTL 2025: Md. Faiz’s knock guides Pagariya Strikers to second win

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    Chinnaswamy stampede case: K’taka govt increases compensation amount to Rs 25 lakh

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    FIH Pro League: Harman slots opener but India slump to 1-2 loss against Netherlands

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    As kids, we understood Lord’s history and how well Australia embraces it, says Hayden

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    VPTL 2025: Meshram’s stellar knock helps NECO Master Blaster beat Nagpur Titans by 9 wkts

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    India not looking to rest on past laurels against Hong Kong, says Sandesh Jhingan

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    Let Lamine Yamal grow without pressure for the sake of football, says Cristiano

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Home Share Market

China growth hits 25-year low

Lakshmi Puri by Lakshmi Puri
January 20, 2016
in Share Market
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ProMASS News Bureau: Jan 20, 2016:

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Asia markets retreat as China growth hits 25-year low; China’s output of electric power and steel fell for the first time in decades in 2015, while coal production dropped for a second year in row. China’s economy grew at its slowest rate in a quarter of a century in 2015, data released on Tuesday showed, increasing pressure on Beijing to address fears of a prolonged slowdown and ease the jitters affecting global markets.

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The full-year growth of 6.9% was only just short of government expectations of 7% but by contrast, growth in 2014 stood at 7.3%. The slide from the previous quarter was expected, but will add to concerns about the health of the world’s second-biggest economy as it confronts a range of challenges, including weak exports, high debt levels and slowing investment. China’s industrial output in December rose 5.9% from a year earlier, compared with forecasts for a 6% increase.

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