The World Bank released its forecast for economic growth in developing countries in East Asia and Pacific on Monday. Developing East Asia will expand 6.7% in 2015 and 2016, down from 6.9% in 2014.

China is expected to grow 7.1% in 2015 and 7.0% in 2016.

The World Bank East Asia and Pacific Regional Vice President, Axel van Trotsenburg, said that "the region will still account for one-third of global growth, twice the combined contribution of all other developing regions".