2015年CRI 2014年中国经济增长7.4% 中国将支持苏黎世建人民币离岸市场

（单词翻译）

New figures show China's economic growth slowed to just 7.4 percent last year, the weakest rate in over two decades.

The rate is within market expectations though, and comes amid the government's efforts to rebalance the economy, weaning itself off overreliance on investment and trade in favor of domestic consumption.

The International Monetary¹ Fund has cut its forecast for the China's economic growth this year to 6.8 percent.

It's widely expected Chinese policy-makers are going to set their own growth targets for this year at around 7-percent.

China and Switzerland are poised² to sign a financial deal to pave the way for the establishment of an offshore³ renminbi market in Zurich.

The deal is to be signed during Chinese Premier⁴ Li Keqiang's visit to Switzerland, where he is due to attend the annual World Economic Forum⁵ in Davos and pay a working visit to the country.

Under the deal, China will give Switzerland a quota⁶ of about 8 billion U.S. dollars to support the establishment of the Zurich offshore RMB market.

A Chinese bank will be permitted to open a branch in the Swiss financial hub after the RMB clearance⁷ plan has been approved by both sides.