World Bank cuts China growth forecast
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The World Bank cut its 2008 economic growth forecast for China to 9.6 percent from 10.8 percent on Monday due to cooling global export demand and said storms battering southern China should have little long-term impact.
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The Asian Development Bank downgrades 2008 growth forecast for East and Southeast Asian economies.
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A leading Chinese academic has been appointed the World Bank's first Chief Economist from a developing country.
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Chinese economic growth will slow to 10.2% in the first quarter of 2007, a government think-tank says.
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China ranks 46th out of 104 economies evaluated in the Geneva-based World Economic Forum&#39;s latest World Competitiveness Report, dropping two places from last year.
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THE ASIAN Development Bank (ADB) said it has raised its GDP growth forecast for China to 8.8 percent from 8.3 percent, but slightly scaled down next year&#39;s projection for the world&#39;s fastest-growing economy to 8.0 percent from 8.2 percent.
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The South Korean government cut its forecast for 2004 economic growth to below 5 percent on Friday after the release of data showing gross domestic product grew just 0.6 percent in the third quarter from the second quarter.
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A think tank at People's University has forecast China's economic growth will slow to about 9.25 percent in 2007 and remain near that rate through 2010, the Beijing News reported on Sunday.
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China is expected to take more steps to slow its galloping economy, a key engine of global growth, after hiking borrowing costs in a bid to stop the boom giving way to a bust.
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The Asian Development Bank on Wednesday raised its forecast for China's economic growth this year to 10.4 percent, citing surging investment and exports, and warned of possible dangers to long-term stability.
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The Asian Development Bank (ADB) raised its 2004 economic growth forecast for the region to seven per cent from 6.8 per cent due to surging exports, but cut its 2005 estimate as it sees China&#39;s expansion slowing.
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East Asia is headed for its fastest growth rate since before the 1997 Asian financial crisis, pushing poverty levels to a record low, the World Bank says.
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The World Bank raises its China growth forecast by almost 1%, despite fears of a global slowdown.
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China's spending on fixed assets such as roads and power plants accelerated in the first five months of the year, prompting predictions of imminent monetary tightening to slow the world's fourth-largest economy.
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Good news for officials who are trying to cool an overheated economy; austerity measures to remain. BEIJING  - China reported a marked slowdown in investment and money supply growth Monday, but stubbornly
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The World Bank said Sunday the impact of recent turbulence in financial markets on developing countries has been limited and global economic growth remains strong.
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China grew 11.4 percent in 2007, the  fastest pace in 13 years, but is headed for a modest slowdown  this year as global demand weakens and credit curbs to cap  inflation ripple through the economy.