China Predicts 9.3 Percent Economic Growth
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China's economy will grow by 9.3 percent this year, the government forecast Thursday, amid signs that efforts to tame the economic boom may be failing to cap inflation.
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China&#39;s annual economic growth surged  to an 11- year high of 11.9 percent in the second quarter,  cementing expectations for tighter policy to keep the world&#39;s  fastest-growing major economy from overheating.
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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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The economy &#151; helped out by more brisk consumer and business spending &#151; grew at an annual rate of 3.9 percent in the third quarter, a performance that was stronger than previously thought.
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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 (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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China on Thursday announced it would hike interest rates for most deposits and loans by 0.27 percentage points, the first rise in nine years.
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Annual economic growth in China has slowed for the third quarter in a row, to 9.1 percent, responding to Beijing&#39;s efforts to rein in breakneck investment and lending, third-quarter official data shows.
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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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The 2004 Asian Development Prospect report has predicted that this year&#39;s GDP growth rate will be 8-point-8 percent higher than last year while next year&#39;s growth rate will slowdown to eight percent.
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Economic growth is expected to top 7 percent for East Asia and Pacific (excluding Japan) in 2004, while developing economies in the region are expected to expand by more than 8 percent, the World bank said here on Tuesday.
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China has revised upward its gross domestic product (GDP) growth to 9.69 per cent during the first half of this year due to higher growth in service industries, the state media reported on Monday.
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BEIJING  - China&#39;s leaders have wrapped up a key economic meeting pledging to strive for stable economic growth next year with an emphasis on quality and efficiency rather than simply a high growth rate.
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BEIJING -- The central bank says China's economy should grow by 10.5 percent this year, state media reported yesterday, even stronger than the 10 percent predicted last week by the National Bureau of Statistics.
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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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BEIJING, OCTOBER 22: China&#39;s economy expanded by 9.1 per cent in the third quarter compared with a year earlier, marking the third consecutive quarter of slower growth as Beijing reins in investment and lending.
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Beijing raised its estimate of the 2006 growth rate from 10.7 percent to 11.1 percent, moving China closer to overtaking Germany as the worldâs third-largest economy.