MOSCOW (Sputnik), Alexander Mosesov – According to data provided by the National Bureau of Statistics of China, the country’s annual growth rate in 2015 was the worst in 25 years, at 6.9 percent of GDP compared to 7.3 the previous year.
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Yun Sun, a senior associate with the East Asia Program at the Stimson Center, reiterated this assessment to Sputnik on Wednesday, adding that “the sluggish export recovery, the economic restructuring which takes time and pains, the accumulated effects from previous economic policies, the mismanagement of stock market and foreign exchange” are among the main reasons for the slowdown.
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