China annual growth hits 13-year low | Bangkok Post: news

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China annual growth hits 13-year low

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China's economy grew at its slowest pace in 13 years in 2012, the government said Friday, but an uptick in the final quarter pointed to better news ahead for a prime driver of the tepid global recovery. 

People walk past a silk store in Beijing, on January 13, 2013. China's economy grew at its slowest pace in 13 years in 2012, the government said Friday, but an uptick in the final quarter pointed to better news ahead for a prime driver of the tepid global recovery.

Gross domestic product (GDP) in the world's second-largest economy expanded 7.8 percent last year in the face of weakness at home and in key overseas markets, the National Bureau of Statistics (NBS) announced.

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