[ValkyrieLenneth]

The World Bank has revised upward its projection for China's economic growth in 2009 to 8.4 percent.

In a report released on Wednesday, the bank says it has raised the forecast by 1.2 percentage points from its
previous assessment in June.

The bank attributes the raise to China's successful economic stimulus package that pushed up domestic demand more than expected.

China's economic growth dropped to 6.1 percent in the first quarter of this year, due to the global financial meltdown.

But the rate improved to 7.9 percent in the second quarter and to 8.9 percent in the third quarter.
The Chinese government set this year's growth target at around 8 percent. The World Bank's projection this time suggests that the country can achieve the goal.

Regarding China's economic trend next year, the Bank says it expects the economy to retain high levels of growth with improved exports despite the risk of a real estate bubble.

2009/11/04 21:18(JST)
(JST: UTC+9hrs.)

http://www.nhk.or.jp/daily/english/04_40.html