China should hit its GDP growth target of 7.5 percent this year, World Bank Group President Jim Yong Kim said on Sunday.
But he warned that rising interest rates in emerging markets in response to reports that the U.S. is preparing to scale back its quantitative easing (QE) program show that significant risk remains.
"The rise in interest rates as a result of the announcement of the tapering of QE has exposed weaknesses in the economies of emerging markets," he told reporters.
"Our message is very strong to those emerging markets: think about those weaknesses and begin to move."
Source: Reuters
