China’s trade surplus is beginning to rise again and the government has made only “limited progress” in rebalancing its economy towards domestic consumption, the World Bank said on Wednesday.
The bank also upgraded its forecast for growth this year by half a percentage point to 10 per cent, but said interest rates needed to rise further if inflationary expectations were to be kept in check.
The bank’s quarterly report on China was largely upbeat on the short-term prospects for the economy, despite recent fears of a hard landing.
您已閱讀20%(532字),剩余80%(2108字)包含更多重要信息,訂閱以繼續探索完整內容,并享受更多專屬服務。