China’s economy, the world’s second-largest, grew at its slowest pace in 14 years in 2013, latest figures show. Its gross domestic product (GDP) expanded 7.7% from a year ago, the slowest pace of growth since 1999.
China has taken various steps to try and open up new avenues of growth. This includes opening up a free trade zone in Shanghai.
Policymakers have said they will try out reforms in key sectors of the economy inside the zone.