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China’s economy, the world’s second-largest, grew at its slowest pace in more than two years, latest government figures show. Gross domestic product expanded by 8.9% in the three months to the end of December, from a year earlier. That is down from 9.1% in the previous quarter. The statistics bureau data showed that growth for [...]

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There are encouraging signs for the world’s largest economy as 2011 comes to an end. American consumers are spending more, the housing market is improving, and employers are laying off fewer workers. But the unresolved debt crisis in Europe, the slowdown in China and U.S. spending cuts pose a serious challenge for policy makers as [...]

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