Wednesday 18 March 2009


CHINA QUATERLY UPDATE, MARCH 2009

The World Bank

Overview

- China’s real economy has been hit hard by the global crisis, but has been holding up. Although China’s growth is set to slow, it is still likely to outgrow most other countries.
- However, the continued global crisis is bound to contain China’s growth in 2009 and 2010, especially via weaker exports and market-based investment. The World Bank projects GDP growth of 6.5 percent in 2009.
- Nonetheless, China’s economic fundamentals are strong enough to allow policymakers to consider policies that will affect the economy well beyond 2009.
- There are useful synergies between China’s short and medium term policy objectives. Financial sector reform will help.

(Summary and Full Report here)

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