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coach watches sale forecast in a Reuters poll.China is on course to end 2012 with the slowest full year of growth since 1999 and while the 7.7 per cent rate forecast in a benchmark Reuters poll is way above the world's other major economies, it is far below the roughly 10 per cent annual growth seen for most of the last 30 years.Weakness in the external environment remains a key drag on an economy in which exports generated 31 per cent of gross domestic product in 2011, according to World Bank data, and where an estimated 200 million jobs are supported by foreign investment, or in factories producing for overseas markets.The upside to the patchiness of the recovery is that it is being driven by services, which are calibrated more towards domestic demand. Geographic rebalancing away from prosperous coastal areas was also evident in the survey, with firms in the western region recording the highest revenue growth in the fourth quarter.The survey had mixed findings for labour markets, with a 3 point rise to 34 per cent in the proportion of firms citing an increased availability of unskilled labour, while 20 per cent said shortages had increased.Some 34 per cent of firms increased their work forces in the fourth from third quarters. Wage rises were reported by 52 per cent of respondents.Bankers questioned in the survey said credit conditions eased in the fourth quarter, but fewer firms borrowed. Meanwhile, banks and firms said loan rejections rose slightly, to 16 per cent, and exposure to companies with excess production capacity was cut."Few corporate loans went to new customers: three fifths of bankers say