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World Bank cut China GDP forecast

World Bank cut its 2014 GDP growth outlook for China from 7.6% to 7.4%. Growth in 2015 will go down to 7.2% and then 7.1% in 2016 from a previous forecast of 7.5% for both years.

Growth will slow as the Chinese government tries to find a balance between containing growth risks and meeting growth targets, the World Bank added.

In September, Goldman Sachs cut the country's growth forecast from 7.6% to 7.1%  in 2015 and kept this year's forecast at 7.3%, below Beijing's target of 7.5%.

 

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