By Jonathan Davies

Economic growth in China slowed to 7% in the first quarter, it's slowest pace since the financial crisis.

It was slower than the 7.3% growth reported in the final quarter of 2014. For the whole of 2014, China grew by 7.4% - the slowest annual growth for 25 years.

Despite the slow down, China's growth is still mightily impressive and is still one of the fastest in the world. Some analysts have even suggested that the Chinese economy is showing more resilience than expected.

But they also believed that the overall slowing of economic growth, coupled with its cooling property market, may force the People's Bank of China to introduce further easing measures like cutting interest rates.