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January 21, 2015

Now China drags on global economy

  • China continues to grow at more than twice the pace of the overall world but it's a sharp drop from the sizzling double-digit expansion in previous years.
    • By KELVIN CHAN and PAUL WISEMAN
    AP Business Writers

    HONG KONG — The global economy, slowed by stagnation in Europe and Japan, is being further hampered by China's decelerating growth.

    The Chinese economy grew 7.4 percent in 2014, its weakest performance in nearly a quarter-century. And its growth is forecast to slow even more over the next two years.


     
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