Chinese demand spurring east Asian growth: World Bank
East Asia's recovery has been "surprisingly swift" but owes too much to China's strong performance, the World Bank said on Tuesday.
The Bank said in its half-yearly assessment of the region that fiscal stimulus in most East Asian and Pacific countries, along with inventory restocking, had driven the rebound in the region and and confidence in the rest of the world.
The report put Chinese growth for 2009 at 8.4% and noted that the country's domestic demand was "racing ahead" of global demand.
Iva
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