BEIJING: The economic growth of world’s second largest economy China slowed to its weakest in 24 years, expanding 7.4% last year from 7.7% in 2013. It missed its official annual growth target of 7.5% for the first time. But, the annual growth figures still came in higher than market expectations of about 7.2%. China’s economy expanded by 7.3% in the October-to-December period from a year earlier.
That fourth quarter growth was unchanged from the previous three months, but also slightly above economists’ expectations.
