China GDP Slows to Weakest Since 2009 on Manufacturing Slide
- As growth ticked lower, yuan and stocks volatility marked 2015
- Two-speed divergence as old drivers slow, services do better
China GDP Caps Weakest Quarter Since 2009
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China’s economy slowed in December, capping the weakest quarter of growth since the 2009 global recession, as the Communist leadership grapples with a transition to consumer-led expansion.
Industrial production, retail sales and fixed-asset investment all slowed at the end of the year, while gross domestic product rose 6.8 percent in the fourth quarter from a year earlier. Full-year growth of 6.9 percent, the least since 1990, was in line with the government’s target of about 7 percent.