World Bank raises China growth forecast

The World Bank has raised its 2009 economic growth forecast for China from 6.5 to 7.2 percent. It says that's because China's stimulus package has been larger then expected.

The bank welcomes the unfolding surge in China's government-influenced investment, triggered by the 4-trillion-yuan stimulus. It predicts China will continue to grow at a respectable rate next year. And more domestic demand is helpful for the world economy. But it says China is unlikely to lead to a rapid, broad-based recovery before the world economy recovers to solid growth.