China’s economic growth waned to a five-year low of 7.3% last quarter, raising concerns of a spillover effect on the global economy but falling roughly in line with Chinese leaders’ plans for a controlled slowdown.

China’s economic growth rebounded in the latest quarter, easing pressure on communist leaders for more stimulus and allowing them to focus on longer-term reforms.

China's rapid economic growth eased in the latest quarter to a still-robust 9.1% amid government efforts to prevent overheating.