BEIJING, CHINA (Reuters) — China’s economy grew 6.9 percent last year, the slowest in more than two decades. While declaring that pace of growth was hardly shabby, the government admits China’s investment-fed model of growth has reached its boundaries, and a more sustainable path of development is needed, and industrial overcapacity and high debt levels will have to be slashed. As China restructures its inefficient state sector and shuts debt-laden “zombie” firms in bloated sectors, […]