Economy: China Economy and Mao Shengyong

economy: The economy expanded 6.9 percent in 2015, the slowest pace in a quarter of a century, according to Xinhua China. SIGNS OF STABILIZATION China economy grew steadily last month with quality improving and more positive factors popping up, said Mao Shengyong, spokesperson with the National Bureau of Statistics. Official figures released on Monday showed China on track to meet the government target of 6.5 to 7 percent growth for the year. Industrial production, domestic demand, the job market and enterprise profits were all stable. This marks the eighth consecutive month that industrial output has exceeded 6 percent. Industrial output expanded 6.1 percent in October, largely due to strong performance in the high-tech and equipment manufacturing sectors. (news.financializer.com). As reported in the news.