World Bank ups China 2010 growth forecast to 10% | business | Hindustan Times
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World Bank ups China 2010 growth forecast to 10%

The World Bank on Wednesday boosted its growth forecast for China to 10% for 2010, but warned that global tensions over trade imbalances could cast a shadow over the rosy economic outlook.

business Updated: Nov 03, 2010 09:52 IST

The World Bank on Wednesday boosted its growth forecast for China to 10% for 2010, but warned that global tensions over trade imbalances could cast a shadow over the rosy economic outlook.

The bank based its new prediction on the "still surprisingly strong" 9.6% growth in gross domestic product seen in the third quarter, and said the prospects for the world's second-largest economy "remain sound".

The bank forecast 2011 growth of a scaled-back but still robust 8.7%.