Rebuilding Policy Buffers, Reinvigorating Growth published by The World Bank (2013).
“The economies of developing East Asia and Pacific are projected to grow at 7.1 percent in 2013, down from 7.5 percent last year.
While the pace of growth is slowing, the region will still contribute 40 percent of global growth and one-third of global trade this year—higher than any other region in the world.
In China, growth is moderating as the country rebalances to pursue a more sustainable growth path. In 2013, it is expected to meet the official indicative growth target of 7.5 percent.
This is considerably lower than the 8.3 percent we projected earlier, primarily because the most recent expansion in credit has been less effective in generating growth…”
