China's economy registered lowest growth rate in 24 years during 2014

China's economy registered lowest growthWashington, Jan 21 : China's economy in 2014 reportedly slithered to its lowest rate of growth in more than two decades.

CNN reported that China's Gross Domestic Product (GDP) was 7.4 percent in 2014, compared to the same period the previous year, according to the National Bureau of Statistics.

The GDP rate failed to reach the government's 7.5 percent goal, marking the slowest growth rate since 1990.

Full-year growth was dragged down by a 7.3 percent expansion in the final three months of the year, the slowest quarterly growth rate since the global financial crisis , the report said.

Despite the disappointing growth, China's economy continues to grow at more rapid pace than any other major economy. (ANI)