A new World Bank report Global Development Finance says developing countries as a whole have so far shown resilience in the face of US-based financial turmoil and soaring energy and food prices, partly because of improved policies, higher investments and technological progress in recent years, says the report. In 2008, growth in China, the rest of East Asia and the Pacific, and other developing regions together will fall from 7.8% to a still-strong 6.5% while their high-income trading partners like the United States slow to between 1 and 2% and import less.