Wednesday 3 November 2010

CHINA ECONOMIC UPDATE

International Business Times

‘CHINA’S FAILURE TO REBALANCE GROWTH A RISK TO WORLD ECONOMY’

Jijo Jacob

International Business Times, November 3, 2010

The Chinese economy will grow 10 percent this year but a lack of success in rebalancing the growth pattern would pose risks to China and the world economy, the World Bank said on Wednesday.

China's GDP declined from 10.6 percent in the first half of the year to "a still surprisingly strong 9.6 percent" year-on-year in the third quarter, the bank said in its latest China Quarterly Update. The bank noted that China’s growth has moderated to a still healthy pace, with a shifting composition.

China's economy will grow 8.7 percent in 2011 and would witness a further in the medium term, according to the bank's projection. “Growth may ease a bit further as global growth decelerates and the macro stance is normalized but it remains supported by the traditional growth drivers and a robust labor market,” said Louis Kuijs, World Bank senior economist.

(...) [artículo aquí]

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