CHINA's economic growth is expected to slow down in the next quarter as strict credit controls bite and slow consumption, according to the world Bank and US-based China Beige Book.
The World Bank set China's economic growth at 8.5 per cent for this year and 5.4 per cent next year, reported Hong Kong's South China Morning Post.
Although China reached its lowest economic growth rate in 2020 of 2.3 per cent, it was the only major economy globally to record positive growth during the year.
SeaNews Turkey
The World Bank set China's economic growth at 8.5 per cent for this year and 5.4 per cent next year, reported Hong Kong's South China Morning Post.
Although China reached its lowest economic growth rate in 2020 of 2.3 per cent, it was the only major economy globally to record positive growth during the year.
SeaNews Turkey
