China's growth eases to 7.7 per cent in final quarter of 2013; full-year growth 7.7 per cent - InfoNews

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China's growth eases to 7.7 per cent in final quarter of 2013; full-year growth 7.7 per cent

A man stands in front of his car, with the trunk lid popped up to avoid being photographed by traffic camera for illegal parking, near a propaganda advertisement, center, showing a slogan "Move Forward," outside a construction site in Beijing's Central Business District, Monday, Jan. 20, 2014. China's economic growth decelerated in the final quarter of 2013 and appears set to slow further, adding to pressure on its leaders to shore up an expansion as they try to implement sweeping reforms. The world's second-largest economy grew by 7.7 percent over a year earlier, down from previous quarter's 7.8 percent, data showed Monday. (AP Photo/Alexander F. Yuan)
January 19, 2014 - 6:14 PM

BEIJING, China - China's economy grew by 7.7 per cent last year, tying 2012 for the weakest performance since the 1990s, after its expansion eased in the final quarter.

Government data on Monday showed the economy grew 7.7 per cent in the three months ending in December. That was down from 7.8 per cent the previous quarter.

The slower growth has put pressure on the country's communist leaders to avoid politically dangerous job losses as they try to carry out promised reforms aimed at making the economy more productive.

News from © The Associated Press, 2014
The Associated Press

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