China economist noted 2014 as the
slowest economic growth, as its economic growth percentage went down from 7.7
percent in 2013 down to 7.4 percent in 2014.
The 7.3 percent fourth quarter
growth last year was unchanged compared from the previous quarter, concluded as
the slowest growth in five years. The year’s percentage growths undershoot with
its annual target of 7.5 percent.
The latest result in its growth rate still
miles ahead compared to the growth rate of other major economies in the world.
China’s sharp decline in its economic growth was doubled compared with the
previous year’s in which it add pressures on the communist leaders as they
prevent the expected sharper slowdown this year.
Chinese officials tried to lower
the expectations by forcing economist to achieve desired economic growth target.
The economic slowdown has a dangerous after effect that could spike huge job
losses in the country.
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