Snapshot of Chinese economy

Citizens walk past commercial establishments at the shopping area of Qianmen district in Beijing, China, Jan 19, 2016.
Citizens walk past commercial establishments at the shopping area of Qianmen district in Beijing, China, Jan 19, 2016.PHOTO: EPA

China's economy grew 6.9 per cent last year to 67.7 trillion yuan (S$14.8 trillion), the slowest since the 3.8 per cent for 1990, a year after the Tiananmen Square crackdown isolated the country internationally.

• Industrial production, which measures output at factories, workshops and mines, rose 5.9 per cent year-on-year in December, down from 6.2 per cent in the previous month.

• Retail sales, a key indicator of consumer spending, increased 11.1 per cent year-on-year in December, less than November's 11.2 per cent.

• Fixed-asset investment, excluding rural areas, expanded 10 per cent last year, the weakest pace since 2000.

• Electric power and steel output fell for the first time in decades last year, with coal imports falling about 30 per cent to the lowest in four years, the biggest drop on record.

• The services sector made up50.5 per cent of economic growth last year, up from 48.1 per cent in 2014. This is the first time that the sector contributed to more than half of the economy.

Esther Teo

A version of this article appeared in the print edition of The Straits Times on January 20, 2016, with the headline 'Snapshot of Chinese economy'. Print Edition | Subscribe