China has had a remarkable period of rapid growth shifting from a centrally planned to a market based economy. Today, China is an upper middle-income country that has complex development needs, where the Bank continues to play an important development role.
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The global growth outlook for 2015 is expected to rise moderately to 3 percent, and an average about 3.3 percent through 2017. For China, the World Bank projects a 7.1 percent growth in GDP for 2015, followed by 6.9 percent in 2016. Read More »