China's Economic Growth Slows in Fourth Quarter

Описание: China's economic growth weakened last quarter in the face of slow private spending, a property market crisis and virus outbreaks. Gross domestic product grew 4% in the final quarter of 2021 from a year earlier, higher than the 3.3% rise projected by economist. Sian Fenner, lead Asia economist at Oxford Economics, discusses what the latest figures and the central bank's decision to lowered a key interest rate for the first time since the peak of the pandemic in 2020 mean for the outlook of the economy. She speaks on "Bloomberg Markets: Asia."