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雅思阅读精选:世界银行调高中国经济增长预测(From:BBC News)
World Bank raises China growth forecast
The World Bank has raised its growthforecast for China, saying stimulus measuresand approval of infrastructure projects will helpboost growth.
It added that the pick-up in factory output and investment "suggested that China'seconomy was bottoming out".
The bank said it now expects China's economy to grow by 8.4% in 2013, up from its earlierprojection of 8.1%.
A slowdown in China's growth in recent months had prompted policymakers to announcevarious stimulus measures.
These include two interest rate cuts since June, and the approval of infrastructure projectsworth more than $150bn (£94bn).
China's central bank, the People's Bank of China, has also lowered the amount of moneythat banks need to keep in reserve three times in the past few months in an attempt to boostlending.
"The impact of easing credit conditions and public investment in infrastructure is beginningto show," the bank said in its report.
"The impact is expected to continue to be felt into 2013, as the authorities haveaccelerated the approval of large projects."
'Bright spot'
The bank also raised its forecast for the developing East Asia region, excluding China.
The grouping, which includes Thailand, Philippines, Indonesia and Burma, is now projectedto grow 5.7% in 2013, up from the previous forecast of 5.5%.
The bank said that the region was likely to benit from Thailand's recovery from lastyear's floods and strong growth in the Philippines.
The Philippines economy has been one of the better performing ones in the region this year.
Its growth has been helped by a strong domestic demand, government spending andincreased investment in the country.
The bank raised its projection for the Philippines to 6.2% for 2013 from 5%.
It added that the opening up of Burma and the continuing rorms in the country, whichhave seen various sanctions against it being lifted, was "another bright spot in the region".
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