The Chinese economy is the second-largest in the world - still significantly behind that of the U.S. - and its growth is seen as a bellwether for the global economy. Yesterday, Chinese authorities reported that the country’s economy, currently around $10 trillion, grew at 6.9 percent in 2015, down slightly from 7.3 percent in 2014.
The figure is in line with most economists' expectations, and continues a gradual drawdown of China's economic growth since it peaked at 14 percent back in 2007. So in that sense, the official 2015 figure shouldn't be of too much concern.
On the other hand, this was the lowest annual GDP growth for China in 25 years, which is alarming. The official Chinese data also showed that the economy expanded by an annualized 6.8 percent during the fourth quarter alone, so even within 2015, the economy was slowing.
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