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World Bank lauds China's fiscal efforts

Business | Macro-economy and policy
2009-11-5

CHINA has been driving an economic rebound in East Asia but the nation's authorities should take note of the increasing costs of keeping expansionary policies, the World Bank said yesterday. The bank upgraded...

China calls for World Bank to be innovative

National
2009-10-6

CHINESE Finance Minister Xie Xuren says the World Bank should always be innovative in providing developing countries flexible and user-oriented services. "We hope the bank would provide more flexible, diverse and...

Zoellick agrees on policies to expand

Business | Macro-economy and policy
2009-9-3

CHINA is pleased with the recovery of its economy but believes it needs to maintain stimulative monetary and fiscal policies, World Bank President Robert Zoellick said yesterday. Zoellick, who met Premier Wen Jiabao...

Zeng forecasts a 'long and bumpy' ride

Business | Macro-economy and policy
2009-7-3

THE world will experience a long and bumpy process riding out the global financial crisis and developing countries may become the biggest victims of the economic meltdown, said China's former Vice Premier Zeng Peiyan...

World Bank cuts its growth forecast

Business | Macro-economy and policy
2009-6-23

THE World Bank has cut its 2009 global growth forecast, saying the world economy will shrink by 2.9 percent and warning that a drop in investment in developing countries will increase poverty. "The global recession...

World Bank: Enough stimulus for now

Business
2009-6-18

CHINA does not need to add more financial stimulus this year as the country's expansionary fiscal and monetary policies have kept the economy growing "respectably", the World Bank said today. The Washington-based...

Coal-bed methane

Business | Energy
2009-5-21

THE World Bank yesterday said it approved a loan of US$80 million to help China increase development of coal-bed methane in an effort to reduce greenhouse gases and local air pollutants associated with coal combustion....

Transport loans agreed

Business | Macro-economy and policy
2009-4-18

THE World Bank said yesterday that it had approved loans totaling US$450 million to finance road and rail projects in central and western China. The bank's office in China said US$300 million would help finance...

China on recovery path: World Bank

Business | Macro-economy and policy
2009-4-8

THE World Bank expects China to move toward recovery around the middle of the year and help the developing economies of Asia counter the weakest growth rates in more than a decade. The World Bank said yesterday...

World Bank backs China's recovery

Business | Macro-economy and policy
2009-4-7

THE World Bank expects China's economy to recover mid this year and help Asia to counter the "Great Recession" that is dragging growth in the region's developing economies to the weakest level in more than a decade. ...