China posts weakest quarterly growth in 7 years
China on Friday posted its slowest economic growth since the first quarter of 2009, with 6.7% year-on-year growth in its GDP in the quarter ended March. However, other indicators showed an improvement in the growth of retail sales, fixed-asset investment, and industrial output. Notably, the Chinese economy grew 6.9% in 2015, its weakest rate in a quarter of a century.