World Bank Raises Growth Forecast For China

Expected to grow by 8.4 percent in 2013

The World Bank has raised its growth forecast for China, saying stimulus measures and approval of infrastructure projects will help boost growth.

It added that the pick-up in factory output and investment "suggested that China's economy was bottoming out".

The bank said it now expects China's economy to grow by 8.4% in 2013, up from its earlier projection of 8.1%.