Chinese economy sees slowest growth in decadesAFP, BEIJINGChina’s economy grew at one of the slowest rates in decades last year, according to official data released Monday, as officials struggle to overcome persistently low consumer spending and a debt crisis in the country’s property sector. In quarterly terms, the economy grew 1.2 percent in October to December. China`s economy grew at one of the slowest rates in decades last year, according to official data. “The gradual implementation of policies to clear unreasonable restrictions in the consumption sector will support consumption growth,” he said. Official data showed Chinese exports to the US plunged 20 percent last year, but that had little impact on demand for Chinese products elsewhere.
