China GDP growth sinks to 25-year low
Chinese shares gained heavily today as investors weighed the likelihood of further stimulus from Beijing following data that the economy grew at its slowest pace in a quarter of a century.
Fourth-quarter gross domestic product eased to 6.8% from a year earlier, while full-year growth slipped to 6.9%, adding to the troubling economic picture that’s unsettling traders around the world.
Additional December data that missed expectations: Industrial output +5.9%; Retail sales +11.1%; Fixed asset investment growth +10%.
Shanghai +3.2% to 3,008.
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