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World Bank Forecasts CN Econ Growth at 4.9% This Yr, Slowing to 4.4% Next Yr
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China's economy maintained a steady growth momentum in the third quarter, underpinned by accommodative fiscal and monetary policies that boost domestic consumption and investment, the World Bank said in a report. However, due to a feeble labor market and declining property prices, household spending remains cautious, and investment growth slackens. The World Bank forecast China's economic growth at 4.9% this year, slowing to 4.4% next year. Although unfavorable factors are expected to persist, recent fiscal measures and stable global trade policies may galvanize investment and exports. AASTOCKS Financial News Website: www.aastocks.com |
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