China reports slowest GDP growth in 25 years


China’s economy grew by 6.9 per cent during a turbulent 2015, the slowest growth rate recorded by the country in a quarter of a century.

The figure is down from 7.3 per cent in 2014 and is the lowest reported by China since 1990.

Growth throughout the year was 7 per cent in Q1 and Q2, 6.9 per cent in Q3 and 6.8 per cent in Q4, according to the National Bureau of Statistics of China.

It says the country has faced a “complicated international environment and increasing downward pressure on the economy” during the 12-month period.

“As a result, the economy has achieved moderate but stable and sound development,” it adds.

Imports and exports were were both down in 2015, the figures show. The total value of exports was 14.1bn yuan, down by 1.8 per cent, while imports plummeted 13.2 per cent to 10.5bn yuan.