China curbs GDP growth to 7.7pc in 2013, looks to 7.5pc rise in 2014

CHINA's economy is revealing muted growth into 2014 compared to years of double-digit gains, it has slowed to 7.7 per cent for all of 2013, slowing growth by 1.8 per cent.

According to analysts, cooling is possible despite a lack of evidence that there is a trade deficit due to a move to increase domestic consumption which could come at the expense of exports and investment growth. 

Although, export business have shown muted growth as a result of fragile global markets, China missed its target of an eight per cent increase. 

China is seeking a more sustainable trajectory for its economy with a reliance on domestic growth instead of investment-led growth model.

 It is on course to meet a GDP growth of 7.5 per cent into 2014, slowest pace since 1990, but there are still risks of debt problems at home, an overheated real estate market and risky lending against a backdrop of reforms. 

The slowdown of industrial output, moderate growth of 9.7 per cent at year-end, and domestic demand has resulted in retail sales of 13.6 per cent in December down from November's 13.7 per cent.