World Bank Raises China GDP Outlook to 11.3% – Polya Lesova

From MarketWatch:

The increased its forecast for China’s to 11.3% from 10.4% this year, saying that the country’s rapidly expanding economy is well-placed to absorb the impact of recent turmoil in the global financial markets.

China’s rapidly widening trade surplus and financial sector developments are fuelling domestic liquidity and pushing asset prices higher, the World Bank said in its China Quarterly Update published on Wednesday. [Full text]

There is a link to download the most recent World Bank report at the bottom of this page.

September 12, 2007 9:19 PM
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Categories: Economy