China growth rate lowest since 1991, headwinds remain: BBVA tips 7% for 2015
HONG KONG - China’s fourth quarter GDP growth has come in at 7.3% y/y, flat with that of the previous quarter and broadly in line with market expectations (consensus: 7.2% y/y). In sequential terms, Q4 GDP expanded at a pace of 1.5% q/q sa, decreasing from 1.9% q/q sa in Q3. As a consequence, 2014 GDP increased by 7.4%, the lowest growth rate since 1991.