China posts slowest economic growth in 25 years

By Ann Marie Awad   |   Jan. 18, 2016 at 9:27 PM
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BEIJING, Jan. 18 (UPI) -- China's economic growth in 2015 was 6.9 percent, its lowest in 25 years.

CNN reported the growth rate is in line with the government's 7 percent target for the year. The economy grew by 6.8 percent in the fourth quarter of 2015, down a tenth of a point from economists' projections.

Bloomberg Business News reported stocks took a dive at the start of 2016 amid investor concerns.

The news caps off a tumultuous year for the world's second-largest economy -- which included the devaluation of China's currency and a summer stock market crash.

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