Report: Fiscal position adequate to deploy stimulus against slowdown

China has adequate policy buffers to arrest steep falls in economic growth and to maintain domestic demand this year, amid bleak prospects for the global economy, said a report published by the World Bank on Wednesday.

The bank's biannual Global Economic Prospects report estimates China's GDP growth to slow to 7.1 percent this year from 7.4 percent in 2014, with the downtrend set to continue till 2017 with 6.9 percent growth.