China can cut its optimistic economic growth objective and still have a healthy labor market, the World Bank reported on Wednesday. The Bank believes that the government set the bar too high for the Chinese economy. Rigid growth objectives should be dropped in favor of a thorough set of reforms, according to World Bank. China can expect an economic growth of just 7 percent in 2015 without any … [Read more...]
World Bank Cuts China Economic Growth Forecast
During the last several decades, the Chinese government pushed the economic engines to the max. But the Chinese economy may not grow as fast as scheduled during the next couple of years. Chinese officials are not worried about a potentially smaller growth, as they plan to make the economy more sustainable. The World Bank cut their forecast of the Chinese economic growth from 7.6 to 7.4 percent … [Read more...]
