China lowers 2014's economic growth figure to 7.3%

Beijing

CHINA on Monday lowered last year's economic growth figure to 7.3 per cent after concerns about slowing expansion caused global market havoc, but said its own stock exchanges are stabilising following "bubbles" and painful corrections.

The new number remains the lowest since 1990, when growth plummeted to 3.9 per cent. Global stock markets have been pummelled by concerns over slowing growth in the nation, a key driver of the world economy.