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Showing posts with the label 2012 (GMT -5)..

BBC News | Business December 18, 2012 (GMT -5): World Bank.: raises China growth forecast

Business 19 December 2012 Last updated at 03:22 GMT World Bank raises China growth forecast There have been signs of a pick-up in China's manufacturing and export sector Continue reading the main story Related Stories China data adds to recovery hopes China to deepen economic reforms Will China fall flat on its face? The World Bank has raised its growth forecast for China, saying stimulus measures and approval of infrastructure projects will help boost growth. It added that the pick-up in factory output and investment "suggested that China's economy was bottoming out". The bank said it now expects China's economy to grow by 8.4% in 2013, up from its earlier projection of 8.1%. A slowdown in China's growth in recent months had prompted policymakers to announce various stimulus measures. These include two interest rate cuts since June, and t