The World Bank on Wednesday raised its forecasts for Chinese growth this year and projected a slightly faster pace of expansion in 2010, but it said Beijing did not need to embark on major policy tightening at this stage.
Gross domestic product will increase 8.4 percent this year and 8.7 percent in 2010 on the back of massive fiscal and monetary stimulus, the bank said in a regular update on China's economy.
Tuesday, November 3, 2009
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