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China’s economic growth edged down to 6.8 percent in the final quarter of 2015 as trade and consumer spending weakened, dragging full-year growth to its lowest in 25 years.
Growth has fallen steadily over the past five years as the ruling Communist Party tries to steer away from a worn-out model based on investment and trade toward self-sustaining growth driven by domestic consumption and services. But the unexpectedly sharp decline over the past two years prompted fears of a politically dangerous spike in job losses.
Full-year growth declined to 6.9 percent, government data showed Tuesday. That was the lowest since sanctions imposed on Beijing following its crackdown on the Tiananmen Square pro-democracy movement caused growth to plummet to 3.8 percent in 1990.
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China’s economic growth edged down to 6.8 percent in the final quarter of 2015
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