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China's economy will face similar situation in 2016 as in 2015

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Reuters BEIJING

BEIJING (Reuters) - China's economy will face a similar situation in 2016 as in 2015, the head of the country's statistics bureau said on Tuesday.

Wang Baoan, who heads the National Bureau of Statistics, told a news briefing that economic growth would remain stable this year.

The economy grew 6.8 percent in the fourth quarter from a year earlier, while full-year growth was 6.9 percent, roughly in line with the government's target of around 7 percent but the slowest pace of expansion for China in a quarter of a century.[nL3N14Z435]

(Reporting by Beijing Monitoring Desk, Editing by Jacqueline Wong)

 

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First Published: Jan 19 2016 | 8:38 AM IST

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