China: With China's economic prospects sound, the focus shifts to structural issues, according to World Bank.

Section: General News - China's growth has moderated somewhat to a still healthy pace, with a shifting composition, according to the World Bank's latest China Quarterly Update released today (November 3, 2010).

The Update, a regular assessment of China's economy, finds that GDP growth declined from 10.6 percent in the first half to a still surprisingly strong 9.6 percent (year on year) in the third quarter. The domestic economy cooled as the stimulus impact is fading out and the monetary stance is being normalized. Growth of investment and urban consumption has decelerated, and so has that of imports. Meanwhile, with exports strong, net external trade has contributed …