China’s economic growth will fall to about 8 percent in 2006 from 9 percent this year as domestic demand declines, the World Bank predicted today.
The quarterly report from the Washington-based lender attributed the slower expansion rate partly to factors affecting China’s exports, including lower projected world trade growth, to 6.4 percent this year from 12 percent in 2004.
See also Xinhua’s report, “WB: China’s economy to grow by 9% in 2005.”
