World Bank cuts China growth forecast
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The World Bank cut its 2008 economic growth forecast for China to 9.6 percent from 10.8 percent on Monday due to cooling global export demand and said storms battering southern China should have little long-term impact.
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China's industrial output growth in October slowed to 15.7 percent year-on-year after a 16.1 percent gain in September, suggesting government lending curbs are cooling the economy.
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MUMBAI: With international commodity prices remaining high and a deficient monsoon, the Reserve Bank of India on Tuesday scaled down its economic growth forecast for 2004-05 to 6-6.
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WASHINGTON, Nov 5 (IPS) - The World Bank says it has postponed a   consultation with civil society groups in Berlin on its proposed  social and  environmental guidelines for lending after the NGOs  boycotted the event and  threatened to launch protests instead.
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The move is expected to dampen prospects for companies that have focused on taking advantage of the Chinese market.
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A leading Chinese academic has been appointed the World Bank's first Chief Economist from a developing country.
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China's economic growth is expected to slow slightly next year to a still robust 10.9 percent, with inflation at 4.5 percent, the central bank's research bureau said in a forecast reported Friday by a government newspaper.
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China's economy, the world's second largest, is not as big as was thought, a report by the World Bank claims.
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China can manage to slow its roaring economy to a sustainable level, but only if it avoids loosening curbs on lending and investment too quickly, the International Monetary Fund said Wednesday.
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The World Bank is planning joint projects in Africa with China's Export-Import Bank to address concerns that Beijing is taking more than it gives as it scours the continent for oil and minerals.
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The International Monetary Fund has lowered its 2004 economic growth forecast for Korea to 4.6 percent, citing weak domestic consumer spending amid rising household and corporate debt.
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China is accused of pressuring the World Bank into not publishing research about fatal Chinese pollution.
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China ranks 46th out of 104 economies evaluated in the Geneva-based World Economic Forum&#39;s latest World Competitiveness Report, dropping two places from last year.
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China grew 11.4 percent in 2007, the  fastest pace in 13 years, but is headed for a modest slowdown  this year as global demand weakens and credit curbs to cap  inflation ripple through the economy.
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The Chinese Academy of Social Sciences said China&#39;s gross domestic product will grow 9.4 percent this year and slow to just above 8 percent next year, according to published reports Monday.
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The International Monetary Fund has trimmed its forecasts for world economic growth but expects the UK and the US will expand strongly this year, leaked
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China&#39;s real gross domestic product (GDP) is projected to average around 9 percent in 2004 andto slow to about 7.5 percent in 2005, the International Monetary Fund (IMF) said Wednesday.