News and Events

World Bank cuts Chinese forecast to 8.2pct

The past two weeks have been released below market expectations of macroeconomic data, the downside risk of European debt crisis, the Chinese economy has entered a slowdown era, seems to have become an indisputable fact.

Several economic research institutes and economists have lowered expectations for China's economic growth this year.

The World Bank disclosed in its East Asia Update conference, China's GDP growth forecast down to 8.2% from 8.4% six months ago.