China likely to miss 2014 GDP growth target

Key indicators do not give much room for optimism, say experts

Economic growth in China will slow to the lowest level since the global financial crisis of 2008 during the fourth quarter, leaving little chance of any rebound in industrial production and fixed-asset investment growth, economists said on Friday.

According to the National Bureau of Statistics, industrial output growth fell to a three-month low of 7.2 percent in November, compared with 7.7 percent in October. Fixed-asset investment growth during the first 11 months of the year fell to 15.8 percent from 15.9 percent in the January-October period, the NBS said.