World Bank warns China growth could screech to a halt

coronavirus pandemic's ecomic fallout could cause China's growth to come to a virtual standstill and drive 11 million more people in East Asia into poverty, World Bank has warned.

pandemic is causing "an unprecedented global shock, which could bring growth to a halt and could increase poverty across region," said Aitya Mattoo, World Bank chief ecomist for East Asia and Pacific on Monday.

Even in best-case scenario, region will see a sharp slowdown, with China's growth slowing to 2.3 per cent from 6.1 per cent in 2019, according to a report on pandemic's impact on region.