WASHINGTON: The World Bank on Sunday projected a 5.1 per cent growth for the Chinese economy in 2023, according to its newly released East Asia and Pacific Economic Update, reported Xinhua.
“China has remarkable strengths,” Aaditya Mattoo, chief economist for the World Bank’s East Asia and Pacific, said at a press briefing in response to a question from Xinhua.“It has shown its great depth in manufacturing, but not just in basic manufacturing, the kind of innovative manufacturing to which China is breaking in, the kind of human capacity that’s being created in China,” the economist said.
SPONSORED CONTENT Daily Express members: Enjoy 1 for 1 signature cocktails and more at Hyatt Centric Kota Kinabalu Kota Kinabalu: DAILY EXPRESS is partnering with Hyatt Centric Kota Kinabalu to offer an exclusive deal for our members. Read more “How much China is going to grow is a less interesting question than how China chooses to grow,” he said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
World Bank keeps China 2023 GDP growth forecast but cuts 2024 outlookBEIJING, Oct 2 — The World Bank has maintained its forecast for China’s 2023 economic growth at 5.1 per cent, in line with its previous estimate in April, but trimmed its...
Read more »
World Bank keeps China’s 2023 GDP growth outlook but lowers 2024The persistent weakness of its property sector lowered the estimate to 4.4% from 4.8%.
Read more »
World Bank: Malaysia needs to formulate medium to long-term revenue strategyKUALA LUMPUR: It is high time for Malaysia to have a proper medium to long-term revenue strategy to restore its fiscal buffers, said the World Bank. W...
Read more »
World Bank cuts Malaysia’s 2023 GDP growth forecast to 3.9%Malaysia’s economy has been hit by anemic global growth and weak external demand.
Read more »
World Bank: Malaysia needs to formulate medium to long-term revenue strategyKUALA LUMPUR, Oct 2 — It is high time for Malaysia to have a proper medium to long-term revenue strategy to restore its fiscal buffers, said the World Bank. World Bank lead...
Read more »