World Bank: China's economy in 'soft landing'

Though China's economy is slowing, it should be able to achieve the desired "soft landing," according to a new analysis from the World Bank.

In its quarterly report on Chinese economic growth, the bank estimates that China's growth rate will come in at 8.2% in 2012 and then rebound to 8.6% percent in 2013.

While that would be a slowdown from 9.2% growth in 2011, it's not the "hard landing" that many had feared would drag down the world's No. 2 economy and damage global growth.

The World Bank forecast is still stronger than the target of 7.5% growth given by Chinese Premier Wen Jiabao in a speech last month which rattled global markets by raising concerns about a slowdown in China.

Read Full Article from CNN

- Posted: 2012-04-12 11:07:45

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