|
|
Article: CHINA'S ECONOMY TO GROW FASTER IN 2009: WORLD BANK REPORT.
- Article from:
- AsiaPulse News
- Article date:
- November 5, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
BEIJING, Nov 5 Asia Pulse - The World Bank on Wednesday raised China's economic growth forecast for this year and projected sustainable and robust growth in 2010.
China's gross domestic product would increase 8.4 per cent this year, making the country's goal of 8 per cent within reach, the Washington-based lender said in its latest update on China's economy.
In June, the bank raised its forecast of China's economic growth rate in 2009 to 7.2 per cent from its earlier forecast of 6.5 per cent.
Ardo Hansson, the bank's lead economist for China, attributed the possible faster growth to the Chinese government's massive fiscal and monetary ...