China Q4 GDP growth at 7.7%

China recorded fourth quarter GDP growth of 7.7% as investment and demand weakened in the last few months of 2013, Reuters reported, citing official data. The fourth quarter growth rate compared with 7.6% forecast by analysts in a Reuters poll but eased from 7.8% in the previous three months. That leaves growth in the Chinese economy at 7.7% for all of 2013, unchanged from revised levels in 2012. Analysts say growth could cool in 2014 as Beijing focuses on rebalancing the economy and other major reforms.