China recorded its worst economic performance since the global financial crisis in the third quarter of 2015, with gross domestic product rising just 6.9pc – its lowest level in six years.
The world's second largest economy has endured its most troubling year since the aftermath of the global credit crunch, as Beijing manages a bumpy transition from export-led to consumer-driven growth.
Chinese stocks underwent a mass-sell off during the summer, forcing state authorities to intervene to prop up equity prices as investors took fright at the prospect of a mass slowdown in the world's traditional growth engine.
But are investors right to be so pessimistic about China's economy?
Any prolonged slowdown in the country will have repercussions for the rest of the world which has relied in part on China for its own growth prospects.
And yet there are reasons for optimism. Early signs show growth will remain at a steady level around 6pc this year, as more and more ordinary Chinese spend their disposal wealth and the economy sees its service sector begin to boom.
In 2016, all eyes will be on the renminbi which has undergone a dramatic devaluation against the dollar – falling to a five-year low in December. Chinese authorities have now switched their currency peg to reflect the renminbi's value against a basket of currencies.
The Communist party has repeated that it is not bent on starting another round of currency wars, but some analysts fear a weaker yuan will send a wave of corrosive deflation through the global economy.
In the previous Financial Talking Point video, Telegraph columnists debate how bad the prospects for Greece really are: