BEIJING: The outlook for China's economy remains "favorable" according to a new report by the World Bank, which plays down worries about overheating despite predicted growth of 10.4% this year and 9.3% in 2007.
The Bank has projected a mild slowdown in exports and fixed assets investment for the second half, which would imply a slight fall in GDP growth to under 10% at the end of the year.
The report explains that in the long term, however, the continued investment boom warrants concerns about efficiency and makes more moderate growth desirable.
© Copyright 2017
All rights reserved including database rights. This electronic file is for the personal use of authorised users based at the subscribing company's office location. It may not be reproduced, posted on intranets, extranets or the internet, e-mailed, archived or shared electronically either within the purchaser's organisation or externally without express written permission from WARC.