Real GDP growth rose to 8.9 percent year-on-year in the third quarter.
This is clearly good news, for China and many other countries whose economies are benefiting at the moment from strong demand from China.
As the Bank’s economic team for China argues in more detail in the new China Quarterly Update, it also means that it’s time to consider a less expansionary macroeconomic policy stance and focus more on the structural reforms needed to rebalance the economy and get more growth out of the domestic economy on a sustained basis.
Read more: "
http://go.worldbank.org/QR685IVMP0?cid=ISG_E_WBWeeklyUpdate_NL"