World Bank Sees China Growth Slowing

The World Bank on Tuesday projected that China’s economic growth would slow to 4.4% in 2026 and 4.3% in 2027, as the property sector continues to adjust to lower housing demand and consumers remain cautious.

The bank said household consumption was likely to remain subdued, while private investment would be constrained by the continuing property sector adjustment and weak profitability in some sectors. Export growth is also expected to moderate as external demand slows, although public infrastructure spending and momentum in high-tech industries are expected to partly offset those pressures.

“Risks to the outlook are broadly balanced... If the property downturn deepens further, this could compound pressures on consumer spending and investment in real estate and related sectors”, the World Bank said in a statement.

(Reuters, max)