In the newly-released China Quarterly Update, the World Bank said China’s growth prospects remain robust but there are macro-policy challenges, including those from inflation.
China‘s economic growth has begun to inch down from its record high in 2007, but the country is in a strong macroeconomic position to stimulate demand by easing fiscal policy and credit controls, even if the global slowdown will be more pronounced, the bank said. (Xinhua)
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