China’s economy grew at its slowest rate in 25 years last year, according to official statistics released today.
Two of Asia’s biggest state-owned oil producers are slashing capital spending and production plans, adding to evidence that persistently low global benchmarks may take a toll on supply this year.
The International Monetary Fund cut its global growth forecasts for the third time in less than a year on Tuesday, as new figures from Beijing showed that the Chinese economy grew at its slowest rate in a quarter of a century in 2015.
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