Wednesday, November 3, 2010

Summary Box: World Bank lifts China growth outlook

TIME TO SHIFT? The World Bank says that with China's rapid growth easing to a manageable pace, Beijing can do more to promote domestic consumption and reduce reliance on trade.
AHEAD OF THE PACK: The bank's quarterly outlook on China reflects the country's status as the first major economy to rebound from the global crisis.
THE RECOMMENDATION: Beijing needs to boost wages and consumer spending and promote growth of private and service businesses to reduce reliance on exports and energy-intensive heavy industry, the bank said.

No comments:

Post a Comment