AOL.com Video - World Bank Cuts Asian Growth Estimates

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World Bank Cuts Asian Growth Estimates

Description:The World Bank says China's economy faces growing debt risks, not just from Europe but also regional Chinese government debt. In its semi-annual update for East Asia and the Pacific, the bank nudged up its 2011 growth forecast for China, but expects growth to moderate from next year as global economies slow. But World Bank chief economist Bert Hofman says China's financial system is now stronger, and Beijing can engineer a soft landing. (2:37)

Source: Reuters

Tags: asian economy , asian growth , bert hofman , china debt