Investors Warned Against Panic as Chinese Economy Slows

While 6.9% GDP growth is the stuff of pipedreams for the Western world, it signals a significant slowdown for China. In 2010, the Chinese economy grew at a pace of 10.6%

Emma Wall 19 January, 2016 | 3:54PM

The Chinese economy has grown at the slowest rate in 25 years as the country shifts its focus to domestic consumption driven growth and away from exports.

Economic growth fell to 6.9% in 2015, the slowest rate of growth since 1990, from 7.3% in the previous year, according to data published by the National Bureau of Statistics. This was slightly less than the government's full-year target of 7%.

While this figure is the stuff of pipedreams for the Western world, it signals a significant slowdown for China. In 2010, the Chinese economy grew at a pace of 10.6% and in 2007 – pre global recession – the economy expanded by 14.2%. To compare with the UK economy, the latest figures from the Office of National Statistics show between 2013 and 2014, GDP increased by 2.9%.

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About Author

Emma Wall  is former Senior International Editor for Morningstar

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