Last week China officially stopped clinging to their 8% targeted yearly growth number. This week, the World Bank downgraded their assessment from 7.5% to 6.5%. The lower number is more in line with independent economists/Chinese watchers.
Even at 6.5%, growth is growth and China is faring much better than the two economies larger than it (US and Japan). The 2009 projections for he world economy is only a 0.9% expansion.
http://english.aljazeera.net//news/asia-pacific/2009/03/20093184551167145.html
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