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World Bank Reduces China GDP Growth Rate

October 8, 2012 @ 8:11 AM EST

by The "State" Team

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World Bank Cuts China Growth Projection

According to reports the World Bank lowered China’s 2012 GDP estimate.

World Bank projects China's GDP growth may fall to 7.7% this year due to lackluster exports and lower investment growth. The projection is down from its earlier estimate that Chinese GDP would grow at an 8.2% rate.

The World Bank report also suggested that China’s growth rate will rebound to 8.1% in 2013 as current stimulus measures are expected to have an impact.

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