World Bank lowers China forecast
Slowing growth will hurt job creation for China’s huge poor population The World Bank has cut its prediction for China’s economic growth in 2009 from 7.5% to 6.5%, saying it could not “escape the impact of global weakness”. Falling demand for Chinese goods abroad is seen as the main reason for the cut. But the bank added that China’s economy was still...
March 20th, 2009 by admin
