Greater China Stocks Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Greater China Stocks

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Julius Wong	4/12/2012 12:28:51 PM
	of 8334

World Bank Cuts China 2012 Growth Outlook on Exports By Bloomberg News - Apr 11, 2012 China’s economic growth may slide to a 13-year low in 2012 as a sluggish world recovery damps export demand and domestic investment and consumption growth decelerate, the World Bank’s latest forecast shows. The Washington-based lender cut its estimate for China’s expansion this year to 8.2 percent in a report released today in Beijing from a January projection of 8.4 percent. The world’s second-largest economy lost additional steam in the first quarter, with a report by the statistics bureau tomorrow likely to show expansion was the smallest in almost three years, according to a Bloomberg News survey. The slowdown underscores the risks to the global recovery after the U.S. reported March job growth that trailed estimates and concern mounted that Europe’s sovereign debt crisis is worsening. “With the economy slowing in the near term, the policy challenge is to ensure that this continues in a gradual fashion,” the World Bank said. “Sufficient policy space exists to facilitate an orderly adjustment and respond to downside risks if they were to materialize.” Premier Wen Jiabao this month pledged to boost infrastructure investment, ensure “reasonable” liquidity and accelerate payments of export rebates amid cooling domestic and overseas demand last quarter. The central bank has lowered banks’ reserve ratios twice since November and a Bloomberg survey last month showed economists forecast more reductions this year. bloomberg.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next