China's economy to race ahead despite lower growth target
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China's economy will continue to race ahead at a near double-digit rate, analysts said Monday, despite a call by Premier Wen Jiabao's for a more controlled pace of development.
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China's supercharged economy grew by a stunning 11.5 percent in the third quarter, surging ahead despite official efforts to cool the boom and putting it on track to overtake Germany as the world's third-largest within weeks, according to data reported Thursday.
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Chinese economic growth slowed a touch in the third quarter but not by enough to dispel expectations of more interest rate rises and other policy curbs to stave off the risk of overheating.
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China's economy, the world's second largest, is not as big as was thought, a report by the World Bank claims.
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The central bank says China's economy should grow by 10.5 percent this year, state media reported Sunday, even stronger than the 10 percent predicted last week by the National Bureau of Statistics.
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Chinese capital spending in November  barely slowed from record heights despite curbs on lending,  showing that the central bank's task in keeping the economy  from overheating remains formidable.
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BEIJING - China&#39;s growth rate slowed slightly in the third quarter, according to figures Friday, suggesting that government efforts to cool the economy are having some but possibly not enough of an impact.
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A soft landing for China&#39;s booming economy is not yet a sure thing, the International Monetary Fund said on Wednesday, despite a raft of measures by Beijing to slow investment in overheated sectors.
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China&#39;s economy was expected to grow by about nine percent this year, a senior official with the State Development and Reform Commission was quoted as saying by the Beijing News on Saturday.
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China's central bank said it was  considering further measures to rein in growth in the world's  seventh-largest economy, but would take a hard look at August  economic data before making any decisions.
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China released figures suggesting the economy is not decelerating as much as feared, easing concerns the government might have stepped too hard on the brakes.
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WASHINGTON : The world economy, powered in part by China, will grow this year at its briskest pace in almost three decades - five percent - before losing steam in 2005 in the face of higher oil prices, the IMF said on Wednesday.
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China&#39;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&#39;s fourth-largest economy.
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China's economic boom is still roaring despite efforts to cool sizzling growth, with the gross domestic product climbing 9.5 percent in the first three quarters of this year, the government reported Friday.
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China's economy picks up pace, stoking fears it may be overheating and driving the rate of inflation.
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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&#39;s domestic demand remains strong but underlying inflationary pressures are limited. This reduces the possibility of further drastic macroeconomic measures to cool down the