China’s economic growth cooled to the slowest pace since the pandemic at the end of last year, detracting from policymakers’ success in hitting an annual target. Year-on-year expansion was 4.5 per cent in the fourth quarter, a third straight slowdown amid weak domestic demand, according to the National Bureau of Statistics. Annual growth was 5 per cent, fuelled by a pre-tariffs rush of exports at the start of the year. Full-year fixed-asset investment fell for the first time in decades, dropping...