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6 Jun 2014
World Bank: Signs of improvement in the Chinese economy
FXStreet (Bali) - The World Bank published has published a report noting signs of improvement in the Chinese economy.
According to the report: "Activity, including industrial output, has picked up in recent weeks", adding that "it is is likely to continue for the next half year."
"Strong consumption, recovering external demand, new growth-support measures (including infrastructure investment and tax incentives for smaller firms)" are helping to the Chinese recovery, the World Bank notes.
The World Bank expects China's GDP at +7.6% by year-end, while it forecasts a slight reduction to 7.5% in 2015.
According to the report: "Activity, including industrial output, has picked up in recent weeks", adding that "it is is likely to continue for the next half year."
"Strong consumption, recovering external demand, new growth-support measures (including infrastructure investment and tax incentives for smaller firms)" are helping to the Chinese recovery, the World Bank notes.
The World Bank expects China's GDP at +7.6% by year-end, while it forecasts a slight reduction to 7.5% in 2015.