China Growth to Slow — World Bank
The Chinese economic expansion will slow this year and next, the World Bank research group reports.
The Chinese economic expansion will slow this year and next, the World Bank research group reports, making its white-hot growth a thing of the past. China may face trouble with wage increases of its middle class and urbanization, if the slowdown is even greater.
World Bank experts wrote:
Developing East Asia will grow by 6.9% this year and next, down from 7.2% in 2013, the report says. In China, growth will ease slightly to 7.4% this year and 7.2% in 2015, as the government seeks to put the economy on a more sustainable path with policies addressing financial vulnerabilities and structural constraints. Excluding China, growth in developing countries in the region is expected to bottom out at 4.8% this year, before rising to 5.3% in 2015, as exports rise and domestic economic reforms advance in the large Southeast Asian economies.
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