China May Log Weakest Expansion Since 1990
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, 01-19-2016 at 02:04 PM (1068 Views)
The Chinese economy grew at the slowest pace in two-and-a-half decades during 2015 amid a manufacturing slump and equity market slowdown, official data to be released on Tuesday may reveal. Gross domestic product likely grew 6.9 percent in 2015, just short of the government's 7 percent target. That would be slower than the 7.3 percent expansion in the previous year.
China's stock markets have been largely declining since the start of the year on the back of the depreciation pressure on the renminbi or yuan.
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