Soft landing predicted for China

From This is London website: “China’s booming economy – the dynamo of Asia – will turn in another strong performance next year, even as officials apply the brakes to curb local overheating and growth elsewhere cools, the World Bank said today.

Such forecasts will bolster the confidence of many Western businessmen who have invested billions of dollars, pounds and euros in the world’s most populous country to take advantage of its remarkable economic growth.

China’s expansion is lifting millions out of poverty and fuelling a steep rise in incomes in urban and rural areas, the Bank added in its twice-yearly assessment of East Asia. ”

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