Global EditionASIA 中文雙語Fran?ais
    Business
    Home / Business / Policies

    World Bank ups forecast for growth

    By xin zhiming,MA Si | China Daily | Updated: 2017-10-05 05:49
    Share
    Share - WeChat

    Demand, external factors said to buoy expansion in 2017 and 2018

    The World Bank on Wednesday raised China's growth forecast for 2017 and 2018, citing an improved external environment and strong domestic demand.

    The bank now expects China's economy to expand by 6.7 percent in 2017, up from an April projection of 6.5 percent and, for 2018, 6.4 percent instead of 6.3 percent.

    "(China's) GDP growth is revised upward in 2017 in light of better-than-expected performance in the first half of the year," the World Bank said in its latest East Asia and Pacific Economic Update.

    China's economy grew at 6.9 percent in the first half.

    The updated projection is part of a broader forecast for the region to grow 6.4 percent in 2017 and 6.2 percent in 2018, compared with the previously forecast 6.2 percent in 2017 and 6.1 percent in 2018.

    As more efforts are made to rebalance away from investment and external demand toward domestic consumption, China's growth is projected to moderate in 2018-2019 but remain higher than many economies in the region, it said.

    In the year's first half, consumption contributed 4.4 percentage points of China's growth compared with 2.8 percentage points from investment, the World Bank added.

    In late September, the Asian Development Bank also boosted China's growth forecast for 2017 to 6.7 percent from 6.5 percent, citing a strong service sector, fiscal expansion and other factors.

    Yasuyuki Sawada, ADB chief economist, said, "China's economy remains resilient, consolidating its position as a global engine of growth."

    The revised forecasts come amid an intensified push to accelerate State-owned enterprise reforms, which are also expected to improve growth prospects, the World Bank said. But the Washington-based institution said net exports, which have recovered to contribute to growth this year, are facing risks like greater geopolitical tension, rising trade protectionism and economic nationalism.

    The key medium-term challenge for China is to manage an orderly transition to more equitable and sustainable growth through a greater orientation toward domestic consumption, it added.

    Chen Weidong, a senior analyst with the Bank of China, said China should focus on stabilizing the economy, curbing asset bubbles and guarding against risks.

    Contact the writers at masi@chinadaily.com.cn

    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    CLOSE
     
    亚洲AV无码国产精品色午友在线| 无码无套少妇毛多18PXXXX | 久久水蜜桃亚洲av无码精品麻豆| 欧美中文字幕在线| 免费无码国产在线观国内自拍中文字幕 | 中文字幕在线无码一区二区三区 | 日韩精品无码一区二区中文字幕| 中文字幕亚洲综合久久2| 免费a级毛片无码免费视频| 无码人妻精品一区二区三区久久久 | 亚洲日韩精品无码一区二区三区| 中文字幕丰满乱孑伦无码专区| 无码人妻熟妇AV又粗又大| 熟妇人妻无乱码中文字幕真矢织江 | 最近免费字幕中文大全视频| 久久亚洲精品无码观看不卡| 一本无码中文字幕在线观| 惠民福利中文字幕人妻无码乱精品| 亚洲Av无码乱码在线播放| 色欲狠狠躁天天躁无码中文字幕| 无码丰满熟妇juliaann与黑人 | 亚洲欧美日韩中文字幕一区二区三区 | 中文字幕久久久久人妻| 精品国产毛片一区二区无码 | 国产成A人亚洲精V品无码性色| 久久久久久精品无码人妻| 中文字幕精品亚洲无线码一区应用 | 无码午夜成人1000部免费视频| 最新国产精品无码| 久久久久亚洲AV无码观看| 天堂Aⅴ无码一区二区三区 | 亚洲Av无码专区国产乱码DVD | 小13箩利洗澡无码视频网站 | 精品国产一区二区三区无码| 亚洲AV综合色区无码一区爱AV| 中文字幕无码乱人伦| 国产aⅴ无码专区亚洲av麻豆| 永久免费AV无码网站国产| 亚洲AV永久青草无码精品| 亚洲∧v久久久无码精品| 久久久久久亚洲Av无码精品专口 |