The World Bank on Thursday lowered China's growth estimate for 2012 to 8.2 percent from 8.4 percent.
The prospects for a gradual adjustment of growth remain high, the Washington-based lender said in its China Quarterly Update. For 2013, economic growth is seen at 8.6 percent.
"China's gradual slowdown is expected to continue into 2012, as consumption growth slows somewhat, investment growth decelerates more pronouncedly and external demand remains weak," said Ardo Hansson, lead economist for China.
"The risks of overheating are moderating, increasing the prospects to achieve a soft landing," Hansson added.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.