DHAKA: China`s economy, the world`s second-largest, grew at its slowest pace in 14 years in 2013, latest figures show.

Its gross domestic product (GDP) expanded 7.7% from a year ago, the slowest pace of growth since 1999.

The growth rate was better than the government`s target of 7.5%. The pace of expansion was also the same as 2012.

The data highlights the challenge policymakers face in sustaining China`s high growth rate as they look to rebalance the economy.

Source: BBC
BDST: 1116 HRS, JAN 20, 2014
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