From the World Bank China Economic Update report:
- Sees signs of improvement in the Chinese economy
- Notes that that activity, including industrial output, has picked up in recent weeks and says it is is likely to continue for the next half year
- Cites strong consumption, recovering external demand, new growth-support measures (including infrastructure investment and tax incentives for smaller firms)
- Forecasts China to grow 7.6% this year
- Expects 2015 growth 7.5%
- Says fiscal & financial sector reforms should be a priority
