Economy in China Likely to Slow Down
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The governor of ChinaÂs central bank said economic growth is likely to slow slightly in the rest of 2006 and in 2007 as the bank acts to reduce liquidity.
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The Chinese economy risks a hard landing, according to an International Monetary Fund report on China&#39;s economy published today.
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China is planning to extend official policies clamping down on credit into 2005, to try to keep the economy from boiling over.
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A soft landing for China&#39;s booming economy is not yet assured, the International Monetary Fund said on Wednesday, despite measures by Beijing to curb credit and slow investment in overheated sectors.
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The Chinese Government will trim spending next year in an effort to slow economic growth to a more sustainable pace. Vice Finance Minister Lou Jiwei says China will reduce the
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China&#039;s bank lending fell 22 percent last month, suggesting official efforts to cool off the sizzling economy are taking effect, state media reported Tuesday.
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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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For one thing, even if Chinese growth slowed in the third quarter, it won&#39;t indicate whether Asia&#39;s second-biggest economy is avoiding a hard landing.
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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.
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The U.S. economy will slow sharply this year and fall behind growth rates in most of the world, according to forecasts in a U.N. report released Wednesday.
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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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Asia's economic growth is likely to be constrained by an expected slowdown in the U.S. economy and potential spillover from the subprime mortgage crisis, two economic forecasts released Thursday said.
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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.
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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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China's economic growth is expected to slow slightly next year to a still robust 10.9 percent, with inflation at 4.5 percent, the central bank's research bureau said in a forecast reported Friday by a government newspaper.
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China can manage to slow its roaring economy to a sustainable level, but only if it avoids loosening curbs on lending and investment too quickly, the International Monetary Fund said Wednesday.
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THE growth of the world economy is poised to slow sharply next year as oil pressures continue and China attempts a âsoft landingâ, the World Bank said yesterday.