World Bank to increase China's economic growth forecast to 7.2%

Xinhua Beijing, June 18, according to the Singapore "Lianhe Zaobao" Network news, the World Bank published "China Economic Quarterly", raised China's economic growth forecast to 7.2% this year, 3 months ago Forecast is 6.5%.　　Growth forecasts for next year are 7.7%. The report notes that China's overall growth prospects are compared with the bank's estimate of 3 months ago, there has been some improvement, but the outlook for next year has changed little, although export prospects have been lowered again, but these effects were offset by the growth of domestic demand, and the real economy has improved compared with the 3-month forecast. Bank lending has grown far beyond forecasts, with new lending likely to slow within this year after a massive expansion.　　But in any case, the large amount of loans that have been issued in the first 5 months will support growth in the next few quarters, so the bank's forecast for this year's economic growth is 7.2%, and the 3-month forecast is 6.5%. The bank points out that 6% of economic growth comes from government-influenced spending and the stimulus from lower taxes, which is expected to accelerate next year, but less than in other countries, largely because of the fiscal stimulus that China has already taken this year, And most other countries ' stimulus will not be in place until the end of the year and next year.