China must avoid ‘premature’ exit from economic support given ‘precarious’ global outlook: World Bank Frank Tang frank.tang@scmp.com China’s economy grew by 4.9 per cent in the third quarter of 2020 compared with a year earlier, accelerating from 3.2 per cent growth in the second quarter. Photo: Reuters China should avoid a "premature" exit from its economic support policies given the "precarious" global outlook next year, according to the World Bank. "A premature policy exit and excessive tightening (following the coronavirus pandemic) could derail the recovery," the Washington-based World Bank warned on Wednesday, urging the People's Bank of China to "proceed cautiously" in tightening its monetary policy.