The economists at the World Bank just revised
their China GDP growth forecast from 9.4% to 9.8%
in 2008
“We expect Chinas GDP growth to moderate to a solid 9.8 per cent in 2008. The upward revision to our growth forecast
largely reflects revised GDP data showing stronger service sector growth.”
And that’s with the impact of the Sichuan earthquake and the worst snowstorm in 50 years that effectively shut down
much of China for weeks.
