The World Bank on Thursday cut its growth forecast for China, adding to warnings the world’s second-largest economy might slow too abruptly, and said Beijing should be ready to launch a new stimulus if needed.
The bank stressed it expects a “soft landing” but trimmed its growth outlook this year to a still-robust 8.2 percent from 8.4 percent. It cited U.S. and European economic woes and Chinese lending and investment curbs imposed to cool an overheated economy.
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