The World Bank raised its prediction on China's GDP growth rate by 0.3 percentage points to 4.8 percent for 2024 in its latest China Economic Update released on Friday. The bank said the upward revision of 0.3 percentage points from its...
WASHINGTON -- The World Bank on Sunday projected a 5.1 percent growth for the Chinese economy in 2023, according to its newly released East Asia and Pacific Economic Update. "China has remarkable strengths," Aaditya Mattoo, chief economist for the World Bank's East Asia and Pacific, told a...
The World Bank has predicted China's economy will have grown 5.2 percent in 2023, with momentum expected to stabilize in the near term, propelled by a gradual recovery of consumer sentiment and policy stimulus. As global growth is projected to remain tepid at 2.4 percent next year, the world...
The World Bank has predicted that China's economy will grow at 5.6 percent this year, up by 1.3 percentage points from its January forecast, while it has revised down projections for most economies, as it sees global growth on a precarious footing amid high interest rates. This prospect for ...
WASHINGTON -- The World Bank on Sunday projected a 5.1 percent growth for the Chinese economy in 2023, according to its newly released East Asia and Pacific Economic Update. "China has remarkable strengths," Aaditya Mattoo, chief economist for the World Bank's East Asia and Pacific, told a...
World Bank: China needs reform to support growthJOE McDONALD
World Bank President Ajay Banga emphasized the pivotal role of China in fostering the world's sustainable growth, saying the World Bank is taking the things it has learned from China to other countries. China is absolute...
The World Bank on Sunday projected a 5.1 percent growth for the Chinese economy in 2023, according to its newly released East Asia and Pacific Economic Update. "China has remarkable strengths," Aaditya Mattoo, chief economist for the World Bank's East Asia and Pacific, told a press briefing...
World Bank President Ajay Banga emphasized the pivotal role of China in fostering the world's sustainable growth, saying the World Bank is taking the things it has learned from China to other countries. China is absolutely a key contributor to the sustainable global ...
Looking ahead, the World Bank suggested in its latest China Economic Update structural reforms to revitalize growth. "It is important to balance short-term support to growth with long-term structural reforms," said Mara Warwick, World Bank Country Director for China, Mongolia, and Korea. Addressin...