China's economy grows at slowest pace in 25 years


In 2015, China's economy grew by 6.9 percent, the country's slowest growth in 25 years.
In 2014, the economy grew by 7.3 percent. Beijing's official growth target was "about 7 percent," the BBC reports, with Premier Li Keqiang saying as long as plenty of new jobs were created, a slower growth rate would be satisfactory. China's national bureau of statistics also reported the economy grew 6.8 percent in the fourth quarter and 6.9 percent in the third quarter, the slowest quarterly rate in seven years. China is the world's second-largest economy.
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Catherine Garcia has worked as a senior writer at The Week since 2014. Her writing and reporting have appeared in Entertainment Weekly, The New York Times, Wirecutter, NBC News and "The Book of Jezebel," among others. She's a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.
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