The World Bank cut China's economic growth in East Asia face a major risk warning

World Bank (World Bank) expects China's economic growth this year of 7.1 percent from 6.9 percent the year after gradually reduced, the East Asia and Pacific countries, most emerging market economies will improve, but by China will put a drag on overall growth slow. Besides the economic slowdown in Europe and Japan, the United States interest rates and other external factors may also give the region's economy, "significant risk."

The World Bank released a report this week, East Asia and the Pacific by the rapid decline in oil prices and a stronger dollar impact, making part of the country to gain an advantage in production costs. However, the slowdown in China will continue to be one of the main threats.

The World Bank expects the economy of East Asia and the Pacific, including China, in 2015 and 2016 for each increase of 6.7%, down from 6.9 percent growth in 2014.

The World Bank cut its 2015 forecast China's economic growth rate to 7.1%, the previous estimate of 7.2%. Due to Chinese financial stability issues need to be resolved, so the subsequent years of economic growth is not optimistic, the Bank expects 2016 annual growth forecast down to 7.0% from 7.1% in 2017 and further to 6.9%.

But the World Bank also said that China, the world's second largest economy enjoyed a huge foreign exchange reserves and other policy buffers, and plenty of space to implement fiscal stimulus measures or to provide relief to the debtor, the case of a sharp slowdown in the economy and therefore less likely to occur.

In addition, the Bank also warned that the external economies, such as Japan and the euro area slowdown, including US interest rates may also pose a threat to growth in the East Asia-Pacific region. Due to the economic slowdown in Europe and Japan to bring trade declined, while the US rate hike could lead to increased borrowing costs and emerging market capital flight and other issues.