The economies of East Asia will slow down, but still grow next year, though energy-hungry China will decelerate, the World Bank said Monday. East Asian economies should experience a slower economic growth rate this year, but the pace picks up in 2015. For China, growth drops from 7.4 percent to 7.2 percent in 2015 as Beijing works to address financial vulnerabilities and build a more sustainable economic model, the bank said. “East Asia-Pacific will continue to have the potential to grow at a higher rate — and faster than other developing regions — if policy makers implement an ambitious domestic reform agenda, which includes removing barriers to domestic investment, improving export competitiveness and rationalizing public spending,” Axel van Trotsenburg, World Bank regional vice president, said in a statement. In […]