World Bank raises East Asia outlook, sees China growing 8.4%, Malaysia 5%

SINGAPORE: The World Bank raised its 2013 economic growth forecasts for China and developing East Asia on Wednesday, and said the region remained resilient despite the lacklustre performance of the global economy.

"For 2013, we expect the region to benefit from continued strong domestic demand and a mild global recovery that would nudge the contribution of net exports to growth back into positive territory, a trend projected to continue into 2014," the World Bank said in its latest East Asia and Pacific Economic Update.