How will China adjust to lower growth figures?

China's economic growth slowed to its weakest in 24 years, expanding 7.4% in 2014 compared to 7.7% in 2013.

Growth in the world's second largest economy missed its official annual growth target of 7.5% for the first time in 15 years.

But the annual growth figures still came in higher than market expectations of about 7.2%.

John Sudworth reports.