China on Monday lowered its gross domestic product (GDP) growth figure for last year by 10 basis points to 7.3%, authorities said, as concerns mount over slowing expansion in the world’s second-largest economy.
The National Bureau of Statistics said on its website that it lowered the figure from the 7.4% announced in January after a “preliminary confirmation”. A final confirmation could come in January, it added.
The new figure remains the lowest since 1990, when growth plummeted to 3.9%.
Global stock markets have been pummelled by concerns over slowing growth in China, a key driver of the world economy.
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The National Bureau of Statistics said on its website that it lowered the figure from the 7.4% announced in January after a “preliminary confirmation”. A final confirmation could come in January, it added.
The new figure remains the lowest since 1990, when growth plummeted to 3.9%.
Global stock markets have been pummelled by concerns over slowing growth in China, a key driver of the world economy.
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