World Bank Says China Needs to Further Rebalance Its Economy
In its latest East and Pacific Economic Update, the World Bank reported on October 19, 2010 that China needs to make further progress in rebalancing its economy as it prepares for its next five-year development plan. The report adds that…
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China's economic outlook remains "favorable" despite subdued expansion in its main export markets, which warrants the further normalization of its policy stance.