The World Bank has cut its growth forecast for China's economy.
China's economy is now expected to grow by 7.6% in 2014, down slightly from its initial estimate of 7.7%. The World Bank said a "bumpy start to the year" was the reason behind the reduced forecast.
There has been a string of disappointing economic results, sparking fears that the world's second largest economy is starting to slow down.
Despite the forecast reduction, the World Bank said recent plans unveiled by the Chinese government should help it towards a "more sustainable and inclusive" economy in the long-term.
The government announced several reforms to the financial and services sectors, as well as reforms to state owned businesses.
In a statement, the World Bank, said: "If implemented, the reforms will have a profound impact on China's land, labour, and capital markets, and enhance the long-term sustainability of its economic growth.
"Some reforms, including efforts to reduce regulatory and administrative burdens, reform taxation, and make more land available for commercial activities, are also likely to support growth in the short term."
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