The World Bank has trimmed its growth forecast slightly for China, citing a “bumpy start to the year”.
It now expects the Chinese economy to grow by 7.6% in 2014, down from its earlier projection of 7.7%.
A slew of disappointing figures has triggered concerns of a slowdown in the world’s second-largest economy.
However, the bank said recent reforms unveiled by China were likely to help it achieve “more sustainable and inclusive” growth in the long term.