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China May Log Weakest Expansion Since 1990

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by , 01-19-2016 at 02:04 PM (1075 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.

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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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