Chinese economy shows signs of improvement

China's economy grew 6.7% last year, according to govt, the slowest pace in 26 years

The risk of a steep slide in China’s economy has reduced, the head of a government research centre said on Sunday, adding the country had moved through an “L-shaped” pattern of slowing to now “horizontal” growth.
 
China’s economy grew 6.7 per cent last year, according to the government, the slowest pace in 26 years. The country met its growth target with support from record bank loans, a speculative housing boom and billions in government investment.
 
But as Beijing moves to cool the housing market, slow new credit and tighten its purse strings, China will have to depend more