The World Bank has raised its forecast of China’s GDP growth this year from 8.1 per cent to 8.5 per cent. A full recovery would require progress in the uptake of COVID-19 vaccinations, with 40 per cent of its population forecast to be inoculated over the next few months. The report is a positive sign for China, being the first major economy to rebound from the pandemic. However, Chinese economic growth is likely to decline to…