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China Growth Slumps to 20-Year Low

China Growth Slumps to 20-Year Low
Posted July 15th, 2013 @ 8:15am by Rob Quinn, Newser Staff

(NEWSER– After two decades of growing at an astonishing rate, China's economic growth has cooled off enough to cause problems in plenty of other economies. Figures released today show the economy grew 7.5% in the first quarter of this year, a rate many countries can only dream of but still the lowest since 1990, the BBC reports. Officials have set a target of 7.5% growth for the year, but analysts doubt China can hit even that modest target without stimulus measures.

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