By ,
Published January 13, 2015
China's domestic demand is beginning to cool, and the recent yuan revaluation could further slow the Asian powerhouse's investment boom, the World Bank said Tuesday.
The Washington-based lender said that although China's gross domestic product is growing briskly — it forecast output would swell 9 percent this year and 8 percent in 2006 — much of the current momentum came from abroad.
"Net of external demand, the (gross domestic product) numbers suggest that a slowdown in domestic demand is under way," the World Bank (search) said in a quarterly assessment of the Chinese economy.
"Slower credit and profit growth, lower foreign direcly positive. But it said the country faced risks from a possible slowdown in world trade.
"A two-way risk is formed by the considerable uncertainty on the extent to which domestic demand, notably investment, is slowing," it added.
https://www.foxnews.com/story/world-bank-chinas-demand-slowing-down