From Caijing.com.cn:
The World Bank raised its forecast for China’s 2009 economic growth to 7.2 percent in its China Quarterly Update published on June 18, up from a 6.5 percent forecast in March.
The Washington-based international financial institution based its revision on China’s record amount of loans and surging investment, which resulted from the massive 4 trillion yuan stimulus package announced last November.
China, the world’s fastest expanding economy and its third largest, has witnessed strong retail sales and a recovery in real estate and imports in the past quarter.
