Avoid sharp slowdown
China Daily | Updated: 2008-04-03 07:28
Two weeks before China's first quarter economic figures become available, two international organizations have slashed their growth forecast for the Chinese economy.
Such quick adjustments highlight growing concerns over the negative impact a US-led global slowdown may exert on the Chinese economy.
The World Bank cut its forecast for China's 2008 economic growth to 9.4 percent in a report released on Tuesday. In February, it forecast 9.6 percent.
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