World Bank lowers China exports growth forecast

Note: This section contains information in English only.
Source: Bloomberg
World Bank said it expects China's economic expansion may slow to 13-year record low this year as lower demand from overseas may hamper exports. The World Bank lowered its projection for China's growth for 2012 from 8.4% estimated in January to 8.2%. The policy makers should raise fiscal spending in order to boost consumption, the World Bank added. 
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