World Bank says China's economy is slowing rapidly

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Updated March 18, 2009 22:04:05

The World Bank says China's economy is slowing rapidly and will not meet the Government's target for growth this year. Just last week Premier Wen Jiabao was optimistic that the Government's goal of 8 per cent was still possible.

But with the Bank's new forecast of just 6 and a half per cent unemployment and the risk of instability will rise.


Presenter: Karon Snowdon
Speakers: David Dollar, the World Bank's Country Director for China and Mongolia

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