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China : WORLD BANK releases report, noting signs of improvement in CHINESE ECONOMY

June 7, 2014

A report has been issued by the World Bank, seeing signs of development in the Chinese economy.

As per the report, "Activity, including industrial output, has picked up in recent weeks", adding that "it is is likely to continue for the next half year."

World Bank observes that "Strong consumption, recovering external demand, new growth-support measures (including infrastructure investment and tax incentives for smaller firms)" are helping to the Chinese recovery.

It is anticipated by the World Bank that China's GDP at +7.6% by year-end, while it forecasts a slight reduction to 7.5% in 2015.

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Source: TendersInfo (India)

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