China&#39;s economy &#39;still at risk&#39;
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China&#39;s leaders should not relax their efforts to cool the country&#39;s fast-growing economy, the International Monetary Fund has warned.
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China&#39;s economy will expand 8.8 per cent in 2004 and eight per cent in 2005, but growth next year may slow to 7.2 per cent if oil prices stay at around $40 a barrel, the Asian Development Bank said on Wednesday.
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China&#39;s real gross domestic product (GDP) is projected to average around 9 percent in 2004 andto slow to about 7.5 percent in 2005, the International Monetary Fund (IMF) said 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 said yesterday that its economy grew at an 11.9 percent annual rate in the second quarter of this year, the fastest pace in more than a decade, reigniting fears the economy is overheating.
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Chinaâs second quarter growth exceeded forecasts, but the economy faces rising food prices, high energy consumption and a large trade imbalance.
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Chinese stocks have been slammed, but that doesn't mean they're done.
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It is the first sign that financial damage from the Chinese market might be spilling into other countries.
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China came under pressure on Saturday   to let its currency rise faster to ease imbalances in trade and   capital flows that pose one of the biggest risks to global   growth.
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The spectacular run of China&#39;s stock markets has drawn a barrage of warnings that a sharp correction is imminent, but many analysts believe a downturn will do little economic harm at home and abroad.
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Economists say China may need to raise interest rates again in the coming months as it struggles to cool its economy and move toward free-market banking reforms.
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The global economy faces a period of uncertainty, with risks to continued growth much higher than they were six months ago, the head of the International Monetary Fund said Monday.
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China&#39;s economic boom is still roaring despite efforts to cool sizzling growth, with gross domestic product climbing 9.5 per cent in the first three quarters of this year, the government reported Friday.
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China beckons stock investors with the lure of brisk economic growth. Yet a school of prominent China watchers, led by Morgan Stanley strategist  Andy Xie, warns that the domestic overheating could lead to a "hard landing" in sectors ranging from steel to real estate. The Chinese government, worried about that very thing, is trying to rein in the torrid expansion.
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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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Chinese policy-makers risk losing control of their economy unless they let the yuan rise in value and strengthen their financial system, U.S. Federal Reserve Chairman Ben Bernanke said on Friday.
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Smuggling of goods ranging from oil to frozen food is costing China's treasury billions of dollars each year, threatening the national economy and possibly even communist rule despite a marathon crackdown, officials said Tuesday.