Tuesday, the World Bank said in a report that a stronger economic growth in China will boost activities in countries in the East Asia and Pacific region.
A return to stronger economic expansion in China next year should help support growth among the countries of the East Asia and Pacific region, but a sustainable recovery will ultimately depend on developments in the advanced economies, the Washington-based bank said in its latest economic update for the East Asia and Pacific region.
The global lender forecast real GDP growth in developing East Asia to slow to 5.3% this year from 8% recorded in 2008. It was also down from the bank's earlier forecast of 6.7% growth. Developing East Asia excludes Japan, South Korea, Singapore, Hong Kong, Taiwan and the Indian subcontinent.
The World Bank said China remains a bright spot in the region and the global economy amid signs that economic activity may be bottoming out. A recovery in China, likely to begin this year and take full hold in 2010, should contribute strongly to the region's recovery, the bank added.
For comments and feedback: contact email@example.com