Thu, Dec 20, 2012 - Page 15 News List

World Bank raises forecast for China

PROSPECTS:Buoyed by fiscal stimulation and the implementation of investment projects, the World Bank expects China’s economy to grow by 8.4 percent next year

Reuters, SINGAPORE

“QE1 did, but QE2 did not. Moreover, the bulk of capital flows into East Asia and the Pacific consists of foreign direct investments, which create jobs and growth in production capacity,” the World Bank said.

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