China’s GDP Expands 7.4%

China’s economy grew at its slowest pace in 24 years in 2014, official data showed on Tuesday, undershooting the government’s target for the first time since 1998.

Gross domestic product (GDP) expanded 7.4 percent from 7.7 percent in 2013. Government targets have been for a print of “around 7.5 percent.”

Growth in the world’s second biggest economy has not fallen below 7.6 percent since 1990, when it grew 3.8 percent as a result of international sanctions in the wake of the Tiannanmen Square massacre.


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