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China’s Economy Expanded 7.4% in 2014
China's gross domestic product grew by 7.4% last year, down from 7.7% in 2013, according to the National Bureau of Statistics.
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China's gross domestic product grew by 7.4% last year, down from 7.7% in 2013, according to the National Bureau of Statistics. It was the slowest pace in 24 years,
GDP expanded 7.3% in October-December, the same as the previous quarter and the fourth quarter of 2013. Factory output last month rose 7.9%, compared with December rates of 8.3% in 2014 and 9.7% in 2013.
Beijing has described last year's growth rate as the "new normal." But some economists predict the central government will stimulate the economy to generate more jobs.
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