Chinese economy shows slowest growth on record

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Julia Kollewe, guardian.co.uk, Thursday 16 April 2009

China's economy has slowed to its weakest growth rate on record after another sharp fall in exports.

The world's third-largest economy grew at an annual rate of 6.1% in the first three months of this year, down from 6.8% in the fourth quarter of 2008, official figures showed today. It was the slowest expansion since quarterly records began in 1992.

But there were also signs that the worst could be over for the Chinese economy. Industrial production jumped 8.3% in March from a year ago as the government poured money into state-owned companies. Investment in factories and other fixed assets soared 28.6%.

Chinese economy shows slowest growth on record | Business | guardian.co.uk

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