BEIJING: China's gross domestic product growth slowed to 6.9 per cent in 2015, official data showed on Tuesday, the weakest annual rate in a quarter of a century for the world's second-largest economy, a mounting concern for global investors.
The figure was the slowest in the People's Republic since the 3.8 per cent of 1990
The performance of China, a major driver of the world economy, is a crucial concern for global investors, and its fourth-quarter growth also slowed to 6.8 per cent, the National Bureau of Statistics (NBS) said.
Despite slowdown chinas economic expansion is the biggest the world has ever seen over a period of 25years. No country has ever come close to this kind of economic growth over a quarter of a century.
That needs the kind of economic reforms they have gone through. Even we could have done in that way, but we didn't follow neither their model nor songaporean model. And we all know where is singapore and China, but we remained very far from being where we should have been.
But seems like China is reaching stagnation and/or retardation. If this opportunity isn't utilized by India, India will never be able to surpass China. India should focus on Manufacturing and Make In India is a great step towards that.
India has opportunity to grow at fastest rate, as after Chinese slowdown, world looks upon india
china will recover from it
China can still kick India's azz hands down.
Its the time to bring back the golden period of our motherland and the greatest country on earth THE INDIA
Slow down in China is giving labor pain to other economies.
A non transparent & highly controlled economy by Communist Party They are shifting their failures on world economy
weakening of the Chinese eco is affecting entire Asia including India.. people blaming the Govt should realize that before make useless comments
I think, this will affect India too..