Advertisement

World Bank upgrades Chinese growth forecast to 5% this year

The World Bank  recently upgraded its growth forecast for the US$18 trillion Chinese economy to five per cent this year, from 4.9% and to 4.8% next year.
 
This due to the solid growth performance achieved during the first three quarters of this year, despite problems being experienced in its property sector. 
 
The bank also noted that the country's strong export performance also contributed to the revised outlook.


comments powered by Disqus
Most Popular
Jamaican-Canadian man killed in St. Andrew
Suspect reportedly confesses to killing...
Stocks: Wigton Energy leads today's winners