1. World Bank Trims China GDP Forecast

  • World Bank trims expectations of Chinese growth in 2014; forecasts growth of 7.4 per cent compared to previous forecasts of 7.6 and 7.5 per cent.
  • 2015 growth forecast trimmed from 7.5 per cent to 7.2 per cent.
  • WB predicts stronger growth in region excluding China next year, forecast of 5.3 per cent growth in 2015 compared to 4.8 per cent forecasted for 2014.
  • Bank said global environment remained 'uncertain'.