World Bank raises China 2018 growth forecast to 6.5%

The World Bank publishes its updated growth forecasts for East Asia and Pacific on Thursday, upping the 2018 growth forecast for the developing region.

Key Highlights:

Raises China 2018 growth forecast to 6.5% from 6.4%.

Raises 2018 growth forecast for developing East Asia and Pacific to 6.3% from 6.2%.

Region's economies may need to adopt tighter monetary policy & larger fiscal buffers.

This is to guard against short-term risks.