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%.