Reported 10 months ago
Following IMF's upward revision of China's GDP growth rate expectation for this year, the World Bank has also released a report raising its prediction for China's GDP growth by 0.3 percentage points to 4.8% for factors including stronger-than-expected exports and the Chinese government's implementation of housing market policies and increased fiscal expenditure. However, this forecast still falls below the government's 5% target, with China now facing both upward and downward economic growth risks due to various factors as outlined in the World Bank's latest brief on China's economy.
Source: YAHOO