Tag: China economic growth

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 prediction for 2024 to 4.4 per cent from 4.8 per cent, citing the persistent weakness of its property sector.For East Asia and the Pacific including China, the bank slightly trimmed its 2023 gross domestic product growth forecast to 5.0 per cent from its prior 5.1 per cent estimate, the World Bank said in its semi-annual regional update released on Sunday.For 2024,...