The World Bank cut its 2013 growth forecast for developing East Asian economies to 7.1% because of slower growth in China and other nations in the region.

The bank in the spring had forecast 7.8% growth for the region. It forecast on Monday, in its regular East Asia and Pacific Economic Update, that China’s economy would grow 7.5% in 2013, down from an 8.3% growth projection in the spring.

China’s slower growth comes as it shifts from an export-oriented model to one driven more by domestic demand, the bank said. Nations such as Indonesia, Thailand and Malaysia also are expanding more slowly because of lower investment, lower global commodity prices and slower exports.

However, the bank said the short-term outlook for the region is improving. Recent data out of China have shown an upturn in manufacturing activity due to a government mini-stimulus package and credit expansion earlier this year. Stronger growth in the U.S. and Europe also has helped underpin demand recently for Asian-made goods, especially electronics.