HONG KONG (MarketWatch) -- China's economy grew at its slowest pace in seven years in the fourth quarter, as slumping exports put the brakes on the world's fastest-growing major economy.
Gross domestic product expanded 6.8% in the October-to-December period, compared to a year ago, easing from a 9% expansion in the preceding three-month period, according to data released by the National Bureau of Statistics Thursday. The result was in line with a median estimate for a 6.9% expansion of 13 economists polled by Dow Jones Newswires.
For the full calendar year GDP expanded 9%, cooling from a 13% expansion in 2007.
No comments:
Post a Comment