This article is from the source 'independent' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.independent.co.uk/news/business/news/chinese-economy-grows-77-in-2013-slowest-rate-since-1999-9071466.html

The article has changed 5 times. There is an RSS feed of changes available.

Version 0 Version 1
Chinese economy grows 7.7% in 2013, slowest rate since 1999 Chinese economy grows 7.7% in 2013
(35 minutes later)
China's economy grew at its slowest pace in 14 years in 2013, as the world's second largest economy looks to move away from investment-led growth. China's economy, the second largest in the world, grew at its slowest pace in 14 years in 2013, official figures show.
China's gross domestic product (GDP) slowed slightly to 7.7 per cent in the fourth quarter, from 7.8 per cent in the previous quarter, according to newly released data by China's National Bureau of Statistics.China's gross domestic product (GDP) slowed slightly to 7.7 per cent in the fourth quarter, from 7.8 per cent in the previous quarter, according to newly released data by China's National Bureau of Statistics.
The Chinese economy grew 7.7 per cent in 2013, matching the revised figure for 2012, and beating the government's target for the year of 7.5 per cent.The Chinese economy grew 7.7 per cent in 2013, matching the revised figure for 2012, and beating the government's target for the year of 7.5 per cent.
The bureau said the "the overall national economic performance showed good momentum of stable and moderate growth" but warned that it faced "increasingly complicated and severe external and internal conditions" in 2013.  It added that the "fundamentals of the economy are still not stable". The bureau said the "overall national economic performance showed good momentum of stable and moderate growth" but warned that the "fundamentals of the economy are still not stable".
The World Bank expects the Chinese economy to stay flat at 7.7 per cent in 2014 as the world's second largest economy aims to move away from borrowing and "policy-induced investment" to more sustainable, consumption-led growth.The World Bank expects the Chinese economy to stay flat at 7.7 per cent in 2014 as the world's second largest economy aims to move away from borrowing and "policy-induced investment" to more sustainable, consumption-led growth.
The latest evidence of a slowdown comes after Chinese authorities released new guidelines calling for tighter regulation of bank's off balance sheet lending and trust companies in a bid to curb the nation's shadow banking system. "We expect the growth
momentum to be maintained over in the coming year thanks to the improving
external outlook, ongoing reform measures designed to boost private investment
and consumption, and the stable and supportive policy stance in the context of
mild inflationary pressures," said HSBC in a note to clients.
The latest evidence of a slowdown comes after Chinese authorities released new guidelines calling for tighter regulation of bank's off balance sheet lending and trust companies in a bid to curb the nation's shadow banking system. 
Total debt in the economy has risen to around 200 per cent of GDP, up from 120 per cent six year ago.Total debt in the economy has risen to around 200 per cent of GDP, up from 120 per cent six year ago.
"The anticipated
acceleration of reform process plus the improving external outlook should put
China into a steady growth track in the coming year," the bank added.
Chinese inflation fell to its lowest level in seven months in December at 2.5 per cent, driven by a decline in food prices.Chinese inflation fell to its lowest level in seven months in December at 2.5 per cent, driven by a decline in food prices.