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How worried are you about China?
The world bank has lowered its forecast for growth in China and most of developing East Asia.
It says China’s investment heavy stimulus program supported by credit expansion has run its course, and policy makers must focus on containing the rapid growth of credit and tighten financial supervision.
It adds that China has shown some progress in rebalancing its economy.
The World Bank now expects the Chinese economy to expand by 7.5 percent this year, down from its April forecast of 8.3 percent and below the International Monetary Fund's most recent forecast of 7.75 percent.
China's 2014 growth is estimated at 7.7 percent, the World Bank said, down 0.3 percentage point from the previous prediction.
01:51 minutes
Tags: 2013, 2014, central banks, china, credit, debt, developing, east asia, economy, fiscal, fiscal policy, growth, growth forecast, imf, international monetary fund, investment, policy makers, rebalance, saxo bank, saxo tv, stimulus, tradingfloor.com, video, world bank