The World Bank released the China Quarterly Update —of which I’m the lead author, full disclosure here-- today at a press launch in our Beijing office. The economic journalists noticed that the Bank’s projection for GDP growth in 2008 is now 9.8 percent, more than 2 percentage points lower than the outcome in 2007.
The World Bank released a couple of days ago a new interactive database on trade, the World Trade Indicators. It allows benchmarking and comparison among 210 countries and customs territories, and it includes multiple trade-related indicators.
In 2008, growth in China, the rest of East Asia and the Pacific, and other developing regions together will fall from 7.8 percent to a still-strong 6.5 percent while their high-income trading partners like the United States slow to between 1 and 2 percent and import less.
As I made my way down route 13 last week I wondered how many times I had been to Nam Theun 2 since my first visit in October 2006. I’m certainly not one of the people that go there the most, and yet I could recall at least 20 visits.
Two massive natural disasters in two East Asian countries – Myanmar and China – over the past five weeks have brought home just how quickly and dramatically life and livelihoods can be destroyed. Our experts in natural disaster recovery and reconstruction know this only too well.
The Bank is full of hot passion. Indeed we are expected to fight passionately in our work, and for a small group of us recently the subject of that passion has been tigers. Passion in the World Bank makes for noisy meetings, adrenalin and angst.
|Looks fertile to me...|
Thirty African officials visited China for 12 days in May on a pilot South-South knowledge exchange organized by the Chinese government with assistance from the World Bank. My colleague, Phil Karp, has written about the program, including the study tour around China that he accompanied. I met the officials in Beiji