The World Bank has cut its prediction for China's economic growth in 2009 from 7.5% to 6.5%, saying it could not "escape the impact of global weakness".
Falling demand for Chinese goods abroad is seen as the main reason for the cut.
But the bank added that China's economy was still holding up well compared to other countries, and remained a bright spot amid all the financial gloom.
Analysts are particularly worried about a slowdown in China, due to the threat of social unrest if the economy stalls.
Exports exposure
China is heavily dependent on the global economy that buys its imports. But as recession grips the US and Europe - which are among its largest customers - demand has fallen, resulting in factories closing and millions of people losing their jobs.
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