World Bank cuts growth outlook as advanced nations drag
Reuters: Washington, Jan 16 2013, 10:26 IST
the World Bank said a decline in China's unusually high investment rate was not likely to affect global growth over the medium to long term, but warned that a sharp decline could have domestic and global consequences.
World Bank economic simulations suggest that a 10 percentage point deceleration in Chinese investment would cause Chinese GDP growth to slow by about 3 percentage points.
The Bank said a bitter territorial row between China and Japan over islands in the East China Sea has had an impact on Japanese exports to China.
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