China's economy to expand 8.4% in 2013: World Bank  

世行预计2013年中国经济增速达8.4%

世界银行19日发布《东亚与太平洋地区经济半年报》预测，在财政刺激和大型投资项目加快实施的推动下，2013年中国经济增速可达8.4%。

Beijing (CNS) -- China's economy will grow by 8.4 percent in 2013 with accelerated implementation of financial stimulus and large-scale investment projects, according to a report released Wednesday by the World Bank.

Economic growth this year is expected to hit 7.9 percent, the lowest since 1999, said the biannual East Asia and Pacific Region Economic Update.

Growth in East Asia will drop to 7.5 percent this year from last year's 8.3 percent due to the deceleration of the Chinese economy, delay of financial reform by the euro zone, and the "fiscal cliff" in America, it said.

The sharp decline of Chinese investment will also drag the growth of East Asia, it added.

East Asia will play a more important role in the world economy, contributing 40 percent this year, said Hao Fuman, the World Bank's chief economist for the East Asia and Pacific region.