China’s economic growth momentum will pick up next year, supported by a moderate policy easing, and rebalancing will become more significant as the country’s development shifts toward a high-quality model, the World Bank said on Wednesday.
The growth rate of the world’s second-largest economy is projected to moderate to 5.1% in 2022, after achieving 8% this year as predicted due to a low base, according to the bank’s China Economic Update report.
Read the full report: China Daily.
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