China

World Bank Cuts East Asia GDP Outlook

Red flags for red China too

|

The World Bank cut its economic growth forecasts for the East Asia and Pacific region on Monday and said there was a risk the slowdown in China could get worse and last longer than expected.

"China's slowdown this year has been significant, and some fear it could still accelerate," the World Bank said in its latest East Asia and Pacific Data Monitor, which was released in Singapore.