World Bank pares 2014 outlook

Analysts say economy is on the mend after a weak start for industrial output

The World Bank has lowered its forecast for China's economic growth this year to 7.6 percent from 7.7 percent, taking into account soft data on industrial output and exports in the first two months of the year, the multilateral organization said in a report on Monday.

It has maintained its 2015 forecast at 7.5 percent.