China’s economic growth slowed to 7.4% in 2014, the weakest expansion in more than two decades, and is forecast to slip further over the next two years.

The yawning gulf between China’s rich and poor has been officially revealed as the Government says it urgently needs to narrow the politically explosive gap.

CHINA’S economy has moved back to double digit growth of 10.7% in the last quarter of 2009.

The global economy will suffer the fallout from the financial crisis for years to come, the World Bank said today.