Economics

World Bank Raises Growth Forecast For China

Expected to grow by 8.4 percent in 2013

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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%.