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World Bank highlights challenges facing China (3)

By Wei Tian and Li Tao (China Daily)

09:27, May 24, 2012

Commodity prices

The World Bank predicted China could pull down growth rates in East Asia to 7.6 percent in 2012 from 8.2 percent in 2011.

Commodity exporters will also be vulnerable if China goes through a faster-than-anticipated slowdown, which will trigger a drop in prices, the bank said.

"There is no doubt that changes in Chinese demand, which accounts for about 10 percent of global exports, will have a big impact on commodity prices," Bryce Quillin, World Bank economist and lead author of the report, said.

The range of impact would be about 10 to 30 percent for oil prices and a little bit less for other commodities, he said.

【1】 【2】 【3】

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