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19 Mar 09 World Bank lowers China forecast




World Bank lowers China forecast


Worker has lunch, Liaoning Province, China, March 2009

Slowing growth will hurt job creation for China’s huge poor population


The World Bank has cut its prediction for China’s economic growth in 2009 from 7.5% to 6.5%, saying it could not "escape the impact of global weakness".

Falling demand for Chinese goods abroad is seen as the main reason for the cut.

But the bank added that China’s economy was still holding up well compared to other countries, and remained a bright spot amid all the financial gloom.

Analysts are particularly worried about a slowdown in China, due to the threat of social unrest if the economy stalls.

As a great contribute to the Chinese economy the China wholesale will be also affect by this.So the China wholesalers should make full prepare in this fighting.


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